Debt contraction worry Kanyama UPND
By Staff Reporter
OPPOSITION United Party for National Development Kanyama ward 11, 2021 aspiring candidate has expressed disappointment at the continued accumulation of debts by government.
Beene Hachombwa told NewsdayZambia.com in an interview that borrowing without clear agenda of development had effects on the country’s economy.
“State institutions will be taken away because of debt, if we over borrow this means we are risking the economy of this country,” he said.
Hachombwa explained that the gross domestic product for the country was down due to over-borrowing.
“We don’t know where the is going, this government has reached an extent of borrowing even to construct a toll gate,” he said.
He lamented that many Zambians were still wallowing in poverty.
“Look at the people of Chibolya, Kanyama and Bauleni, they do not have good roads and the sanitation in these compounds is poor,” Hachombwa lamented.
He pointed out that foreigners are everywhere in the country and taking up businesses, which should have been a preserve for Zambians.
“Go to Chongwe and City Market, you would find that these foreigners are selling maize and salaula (second hand clothes),” Hachombwa said.
Hachombwa added that the debt situation needed urgent solutions as the blunt of the effects were carried by the ordinary people.