Bor­row for pro­jects, not over­tax­ing ci­ti­zens, gov­ern­ment urged

Daily Nation Newspaper - - FRONT PAGE - By AARON CHIYANZO

GOV­ERN­MENT should bor­row more money, for de­vel­op­men­tal pro­jects rather than over­tax­ing ci­ti­zens as it risks killing the same peo­ple it is charged to keep alive, says for­mer UPND vice pres­i­dent for pol­i­tics Cani­sius Banda. Dr Banda ob­served that Gov­ern­ment was now over­fish­ing from ci­ti­zens in an ef­fort to raise the much needed rev­enue in the midst of the many demands the coun­try was faced with.

Dr Banda said that Gov­ern­ment should bor­row money as Zam­bia cur­rently could not sur­vive with­out get­ting re­sources from other well to do coun­tries.

He said in an in­ter­view with the Daily Na­tion that in as much as Fi­nance Min­is­ter Felix Mu­tati could not spend with­out money, over­tax­ing ci­ti­zens would af­fect the poor Zam­bians badly.

Dr Banda re­it­er­ated that the cost of fuel was also likely to rise fol­low­ing the re­moval of Value Added Tax (VAT) re­funds and in­crease the cost of pro­duc­tion, which was al­ready high com­pared to other SADC coun­tries.

He pointed out that in­creas­ing PAYE re­duced the pur­chas­ing power of the af­fected ci­ti­zens in the midst of a fluc­tu­at­ing in­fla­tion.

Dr Banda said that when ci­ti­zens were taxed be­yond a cer­tain limit, be­yond their car­ry­ing ca­pac­ity, the bur­den placed on them would break their backs.

He warned that Gov­ern­ment would hurt the same peo­ple it was sup­posed to pro­tect by over­fish­ing be­yond their ca­pac­ity.

Dr Banda said that even the Head of State had in­di­cated that dur­ing his re­cent state of the na­tion ad­dress in Par­lia­ment that 60 per­cent of Zam­bians were still liv­ing in poverty, hence it was not wise to over­bur­den them.

Mean­while, Dr Banda also noted that Mr Mu­tati could not spend on rel­e­vant de­vel­op­men­tal pro­jects with­out money re­gard­less of how much pres­sure was ex­erted on him.

Dr Banda

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