1/12 The recent MID TERM BUDGET review confirms that Zimbabwe is in a serious leadership crisis and citizens are exposed to extreme poverty and suffering. I say this for the following reasons:
2/12 At a time where inflation has reached 257% in July and people in extreme poverty are 7.9 million (49%), the budget disbursements to social is extremely low, e.g., ministry health has been given 27% of the budget by June instead of a min of 50%.
3/12 When the consumer basket for a family of 5 has topped ZWL$140K, government raises salary of the lowest paid civil servants to $35K (excluding the US$175) and raise the tax free threshold to $50K, both of which are far below the consumer basket & poverty datum line;
4/12There is just unrestrained indiscipline in gvt upon rampant galloping corruption.The condonation of ZWL$ 107 billion for 2020 & 2019 fiscal years is testimony to this.The gvt has created distortions in the foreign currency markets &now gold coins, the havens for corruption.
5/12 We face a major economic collapse and prospects of the bleakest Christmas season this year. USD:RTGS is now at 1:approx 800. The leadership failure is dramatic, gigantic and encyclopedic.
6/12 The following must be done immediately :
a)Dollarisation which will immediately eliminate distortions, forward pricing and multiple pricing;
b)Restoration of the US$540 as a starting salary;
a)Dollarisation which will immediately eliminate distortions, forward pricing and multiple pricing;
b)Restoration of the US$540 as a starting salary;
7/12 c)Holistic tax reform. Reduce the tax burden on citizens and the business in general. As part of the tax reforms, we will remove the 2% tax and streamline taxes;
d)Remove distortions esp in the agricultural sector and construction sectors which has created a casino economy
d)Remove distortions esp in the agricultural sector and construction sectors which has created a casino economy
8/12 e)The elimination of the Currency Auction and reforming the RBZ through limiting the power of the central bank. Separating the roles of central banking and financial services supervision.
9/12 f)Reforming the budgetary process, so that the budget comes from parliament and not from ministry of Finance. The budget must come from the Citizens -a Citizens-centered budget.
10/12 g)Radically dealing with the corruption pandemic and instituting special mechanisms to eliminate and punish the corrupt.
11/12 h)Holding credible, free and fair elections preceded by a comprehensive pact on electoral reforms.
12/12 i) Only a leadership change will rescue our beautiful country and in no time turn and transform this Zimbabwe from ruins to greatness. We are new leaders. #RegisterToVoteZW
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