By BUUMBA CHIMBULU THERE are no secrets or hidden conditionalities that the International Monetary Fund (IMF) has demanded and only agreed measures will be carried out before and during programme implementation, Government has said.Government and the IMF have focused on the need for the whole public sector to curtail inefficient public expenditure, including in State-Owned Enterprises (SOE’s) and agencies.The Ministry of Finance spokesperson explained that rationalising where and how the government spent public resources was an important part of the economic transformational agenda.In this regard, the removal of subsidies will facilitate an important shift in spending from poorly targeted subsidies towards greater investment in health, education, and the delivery of more social benefits such as:1) Enhanced allocations for the Constituency Development Fund – meaning that more schools, desks, clinics, water bore holes, etc. will be available for rural communities;2) Paying off all outstanding pension arrears – some beneficiaries have been waiting for several years for their […]
‘WE’VE NO SECRET DEALS’
