Finance Minister Alexander Chikwanda should resign – FDD

FDD Spokesperson Antonio Mwanza
FDD Spokesperson Antonio Mwanza
The Forum for Democracy and Development (FDD) has demanded the resignation of Finance Minister Alexander Chikwanda stating that his economic policies are in disarray and a threat to the social growth of the country.

FDD Spokesperson Antonio Mwanza says Mr. Chikwanda misguided and outdates economic policies and practices have led to the country experiencing a high deficit than projected.

Mr. Mwanza adds that increased borrowing by government is taking the country back into the debt trap which will result into reduced public spending in critical economic sectors such as education, agriculture and health.

He says the proposal to impose a two year wage freeze on public sector recruitment will compound the unbearable youth unemployment burden as thousands of youths that are currently graduating from higher learning institutions will become destitute.

Mr. Mwanza has also wondered how the revoked statutory instrument no.89 was promulgated into law when government standard clearly states that such laws can only be passed with Cabinet approval.