PEP STANCE ON BUDGETDear Editor, AS Patriots for E c o n o m i c Progress (PeP) we have noted with interest the 2022 nation al budget presented by the UPND administration in Parliament last Friday. Our considered view is that the 2022 national budget is not significantly different from the other national budgets that have been presented over the past 10 years. It still relies heavily on debt to finance consumption, makes little effort to dismantle do mestic arrears, places greater emphasis on handouts (Social Cash Transfer and Farmer Input Support Programme) at the expense of economic em powerment to citizens through small loans. It still crowds out the private sector from access to reason ably priced finance due to high levels of domestic debt and is too expansionary as it seeks to hire as many as 40, 000 civil servants all in one fiscal year. We also wish to put it on […]
PEP STANCE ON BUDGET
