Nevers assembles economic think-tank to study 2015 Budget

MMD president Nevers Mumba has assembled a team of economic experts to critically scrutinise the 2015 Budget which was presented to Parliament yesterday.

The team, which comprises economists, Members of Parliament and other experts, would be led by MMD national secretary Muhabi Lungu.

Minister of Finance Alexander Chikwanda yesterday presented a K46.7 billion national Budget in which he has indicated that he would reform that tax regime.

Dr Mumba said through his spokesperson Raphael Nakacinda that the party has decided to put in place a team to analyse all aspects of the Budget in order to provide a comprehensive reaction to the estimates.

He said in an interview from Kampala, Uganda yesterday that the experts and members of Parliament would study the budget throughout this weekend and pin- point all critical areas and find answers.

The opposition leader said findings of the study would be used by MMD legislators in Parliament to debate the Budget in the House.

Dr Mumba said MMD has taken a different approach from other parties and other stakeholders from giving reactions immediately after the Budget was presented to Parliament.

He said if the former ruling party was to issue its reaction immediately after the budget it might not be balanced.

“We thought that we should give it few days and study it. We want to critically study it because if we don’t do so, we may end up discrediting it,” Dr Mumba said.

He said he had interest in the national budget and other matters being discussed in Parliament as it was seen by his recent visit to Parliament.

But UPND president Hakainde Hichilema said PF government had no capacity to put in place measures that could reduce the cost of food and education fees.

He said his party had tried on several occasion to advise the PF government on how to address various sectors of the economy but it had not heeded the advice.

Mr Hichilema, however, said UPND would issue a comprehensive statement on the 2014 national Budget after studying it further.