Fr. Frank Bwalya hails MPs for Parliament oversight on govt borrowing controls

Father Bwalya
Father Bwalya
Alliance for Better Zambia (ABZ) President Fr. Frank Bwalya has hailed Members of Parliament for the unanimous support rendered to the motion to have Parliament approve any loan contraction by government.

Fr. Bwalya has told Qfm in an interview that Zambians have consistently spoken with one voice for Parliament to have oversight on government borrowing.

Fr. Bwalya notes that the Patriotic Front has been reckless in borrowing and that allowing them to continue borrowing at the rate they are doing would lead the country into a debt trap.

He adds that at the end of the day it is the people of Zambia who are going to pay back the money hence it is only right that their representatives in parliament approve government loans.

Fr. Bwalya states that the development is timely as failure to come up with such measures would have landed the country serious debt problems.

He says the move by Members of Parliament to support the Private Members Motion moved by MMD Chipangali Member of Parliament Vincent Mwale will help reduce unnecessary borrowing by government.