WE WILL REINTRODUCE SUBSIDIES AND BORROW MORE SAYS TOONSE ALLIANCE.
Toonse Pamodzi Alliance says it will immediately reduce the price of fuel by reintroducing fuel subsidies if elected into government.
The Alliance says it will also remove taxes on talk time, Airtel Money and other selected items, while borrowing money to keep the economy running and put more money into the pockets of Zambians.
Toonse Pamodzi Alliance says its approach will be simple: make essential goods cheaper for ordinary people, even if government has to borrow more money to cover the difference.
For example, the Alliance says if the real cost of one litre of fuel on the international market is K26, government could make motorists pay only K17 at the filling station.
This means that when a motorist buys one litre of fuel, they pay K17, while government finds the remaining K9 to cover the full cost of K26.
In very simple terms, imagine a loaf of bread costs K26, but government tells you that you only need to pay K17.
Government would then find the remaining K9 for the shopkeeper so that you can take the bread for K17.
However, according to the Alliance’s proposal, the government would borrow that K9 from lenders to cover the difference.
If that borrowed money attracts an interest rate of 70 percent, government would eventually have to pay back the money borrowed plus a large amount of interest.
Toonse Pamodzi Alliance says it is prepared to borrow money to subsidise essential goods and services, even if this means government will have to pay more money to lenders in the future.
The Alliance says the objective is to reduce the cost of living, increase money in circulation and ensure that ordinary Zambians have what it describes as a more balanced life.
-Zambian Watch News.
We can’t go back to this rubbish!
What a populist backward way of thinking. We just came from that sh!t. Who want to go back to that.
If this is true,then their motive to win the elections is clear: Let’s just get one term to loot and change as many laws as possible to hide our loot and protect ourselves
This very irresponsible policy statement has already been picked by multilateral donors as well as the red-eye Shylocks.Zambia is headed for yet another sovereign debt default and a very difficult debt restructuring negotiation
If this is just a political gimmick to hoodwink ignorant voters just to get power, Zambians and international community will know that they are now dealing with crooks
Either way, it’s all of us that are going to pay painfully for our own stupidity
You are very dull and can mess up the HH revived economy within the first 30 days of your reign. No sane Zambian can give back this country to PF, it will be total disaster. Zambians dearly love their country, they can’t make that mistake.
Then what happens when you run out of lenders? The kwacha will collapse immediately. Inflation will go up. In simple terms, the cost of bread will go up. The government will print money to pay the subsidies. The deficits will go up. Government will print more money. As the money in circulation goes up, the cost of bread will go up again – more money fuel inflation. The cycle will repeat itself until you will need a wheelbarrow of cash to buy bread.
What thinking is this?