IMF Spending Concern for Zambia Timely – Fr Chiti

By IAfrica
In Zambia
Apr 29th, 2014

Fr ChitiThe Jesuit Centre for Theological Reflection (JCTR) says the concern raised by the International Monetary Fund (IMF) over Zambia’s increasing unsustainable levels of spending is timely.

JCTR Director Leonard Chiti says the concern the IMF has raised is a confirmation of what his organization has been suspecting.

Fr Chiti says the message from IMF is timely and sends a strong message to government to check its expenditure levels or be ready to face the consequences of its growing expenditure.

He adds that it is hoped that the message from IMF will be taken seriously by the government by changing its spending habits.

Fr Chiti notes that government should learn to listen to its people, and should not take international organizations to render advice for the government to listen.

He says government should begin to exercise discipline in its spending and borrowing by spending within its means.

Fr Chiti says it is pointless for government to keep spending when people cannot see the results of such expenditure.

He adds that it would make sense if government was spending towards the reduction of the high cost of living which is not the case.

The International Monetary Fund has cited Zambia and Ghana as countries whose spending has been growing at unsustainable levels.

Source: Qfm

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