By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Open Parly ZWOpen Parly ZWOpen Parly ZW
Notification Show More
Font ResizerAa
  • Home
  • News
  • Bills
  • Bill Tracker
  • Cabinet Briefs
  • Videos & LIVE Streams
  • Find your MP
  • Open Council
  • About
Reading: Mthuli thinks when people are suffering he is doing well
Share
Font ResizerAa
Open Parly ZWOpen Parly ZW
Search
  • Home
  • News
  • Bills
  • Bill Tracker
  • Cabinet Briefs
  • Videos & LIVE Streams
  • Find your MP
  • Open Council
  • About
Have an existing account? Sign In
Follow US
Open Parly ZW > Budget > Mthuli thinks when people are suffering he is doing well
Mthuli thinks when people are suffering he is doing well
BudgetMembers of ParliamentNews

Mthuli thinks when people are suffering he is doing well

tendai
Last updated: December 16, 2020 4:50 pm
tendai Published December 16, 2020
Share
SHARE

Finance and Economic Development Minister Mthuli Ncube has been castigated for celebrating the success of some of his measures which have allegedly brought suffering to a lot of people.

The Minister introduced what he termed Austerity for Prosperity which only served to make life difficult for the already pressed Zimbabweans.

Among those most affected by austerity measures are civil servants whose salaries were reduced significantly through currency change and introduction of managed exchange rates.

Speaking in the National Assembly, Norton Legislator Temba Mliswa said the government should not lie to itself because people are suffering more because of the policies.

“Mr. Speaker Sir, we seem to think an austerity must make people suffer and when they suffer more we think we are doing well. We cannot be lying to the nation that the rate at which it is right now was not where it is by the time we had austerity measures. What has gone wrong? The Minister of Finance and Economic Development is critical in responding to this.

“We are here saying that the rate has stabilised but how can you say the rate has stabilised when you are not paying people what they are supposed to be paid according to auction rate. Teachers were being paid US$510 and we were being paid US$2 000 plus but when it comes to the auction rate we were not giving that.

“The auction rate determines the buying power of the dollar. So, if you are not being given your US dollar at auction rate, there is no buying power. We cannot be excited by an increment of 255% to the civil servants when inflation is hitting 680% to 700%,” he said.

Mliswa added that “If we are going to ever match the buying power of anybody in this country especially the civil servants, we must also align ourselves to the inflation rate. Madam Speaker, you cannot have an inflation of 700 and at the same time you are saying no, we are doing them a favour we are increasing it to 245. Can you also bear in mind that behind there is also a lot that they have suffered? They have never been value for this money whatever,” he said.

The self-styled legislator said when people borrow money, they are borrowing at US Dollar rate and are expected to pay at that rate and yet people are not being paid using the same rates.

“When you go and borrow money, you are borrowing money at the US dollar, when you pay back it is either the US dollar or bank rate. You have an economy where people are not being paid in US dollars but they are expected to pay in US dollars. You have an economy where people are expected to pay at auction-rate but you are not being paid at the auction rate. So, it is a bubble that is waiting to burst.

You Might Also Like

Parliamentary Report on ZISCO Steel Pensioners’ Petition

We want option to choose between LEADED and UNLEADED fuel

Parliament Resumes, But Impeachment Motion Still Absent

Cabinet approves principles of the Climate Change Management Bill

How To Petition Parliament In Zimbabwe

TAGGED:austerity for prosperityMthuli thinks when people are suffering he is doing welltemba mliswa
Share This Article
Facebook Twitter Email Print

Follow US

Find US on Social Medias
FacebookLike
TwitterFollow
YoutubeSubscribe
Trending News
Zimbabwe allows testing for both manual and automatic drivers licences
FeatureFeaturedMembers of ParliamentNewsParliament

Zimbabwe allows testing for both manual and automatic drivers licences

Daniel Chigundu Daniel Chigundu March 19, 2025
Blessed Geza Moves to Impeach Emmerson Mnangagwa
Geza Faces Setback in Impeachment Bid as Parliament Adjourns to May 6
Parliament Debates A Law that will force motorists to buy ZBC radio licences
Express lanes for exempted Govt officials and MPs at tollgates

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

OpenParlyZW is a project of Magamba Network established in 2015 that seeks to open the Parliament of Zimbabwe using digital tools and civic tech to promote and enable engagement between decision-makers & Citizens for a better society for young Zimbabweans

FacebookLike
TwitterFollow
YoutubeSubscribe

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

OpenParlyZW is a project of Magamba Network established in 2015 that seeks to open the Parliament of Zimbabwe using digital tools and civic tech to promote and enable engagement between decision-makers & Citizens for a better society for young Zimbabweans

FacebookLike
TwitterFollow
YoutubeSubscribe
© 2024 Openparly. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?