Our problerm is not the bond note but fiscal deficit - ZCTU

Our problerm is not the bond note but fiscal deficit - ZCTU
Published: 24 September 2018 (124 Views)
Zimbabwe Congress of Trade Unions secretary general Japhet Moyo has said the problem the nation is facing is not about the bond note but it is about the fiscal deficit which has affected every sector economical.

"The problem we are facing is not about the bond note but it is about the fiscal deficit, how the government is using its money and the fact that we are not generating any currency"....this is a quote from business. We should be generating foreign currency through exports and the bond notes are those who bring in foreign currency through exports...business say that is not the case. If we are not generating any currency but we are told that the bond notes are meant to incentivize those exporting, where is the crisp new bond notes coming from?," he said.

"One likelihood is that the bond notes are no longer for incentivising exporters but are meant to mop the US in the streets. To take away the focus of the population from how the 'dream cabinet" is going to tackle this problem, we work up to the news that cholera and typhoid is being spread by second hand clothes traders (mabhero). Instead of tackling the overcrowding in the high density suburbs or provide clean water, collect garbage etc, informal traders irking a leaving through vending becomes to focus."

He said the government is spending more than what it has and is fuelling inflation by printing more bond notes.....

- Byo24News

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Govt Suspends Restrictions On Importing Goods

by Staff Reporter | 23 October 2018 | 55 Views

Mnangagwa appoints Civil Service Commission

by Staff Reporter | 23 October 2018 | 59 Views

The day Chamisa wanted to overthrow the Government

by Elijah Chihota | 23 October 2018 | 55 Views

How then did Mthuli Ncube hire such a shady character?

by Staff reporter | 23 October 2018 | 49 Views

WATCH: Lumumba explains why he got fired - Live

by Staff Reporter | 23 October 2018 | 86 Views

Mthuli Ncube's 2% tax still illegal

by Veritas | 23 October 2018 | 45 Views

Chamisa now willing to engage Mnangagwa

by Staff reporter | 23 October 2018 | 203 Views

'Soldiers fired randomly on August 1'

by Staff reporter | 23 October 2018 | 128 Views

Zimbabwe to cut company registration period to within 6 hours

by Staff reporter | 23 October 2018 | 113 Views

Chamisa statement on the prevailing economic, political and humanitarian situation

by Adv. Nelson Chamisa MDC President | 23 October 2018 | 166 Views

Cops scramble for cooking oil

by Simbarashe Sithole | 23 October 2018 | 131 Views

Mnangagwa flies out to Zambia

by Staff reporter | 23 October 2018 | 118 Views

Chigowe denies refs favour Dembare

by Staff reporter | 23 October 2018 | 81 Views

Emergency recovery measures to stop Zimbabwe economic free-fall

by Dr Tapiwa Mashakada | 23 October 2018 | 144 Views

Chamisa demands 2% tax refunds

by Staff reporter | 23 October 2018 | 150 Views

Zanu-PF chefs fail to pay workers

by Staff reporter | 23 October 2018 | 118 Views

Chamisa's youths to avenge vendor's death

by Staff reporter | 23 October 2018 | 122 Views

Zimbabwe motorists sleep in fuel queues

by Staff reporter | 23 October 2018 | 85 Views

Police pounce on Kadoma Forex dealers

by Stephen Jakes | 23 October 2018 | 138 Views

Dogs maul boy at Beitbridge border post - WhatsApp update

by Concerned Citizen | 23 October 2018 | 105 Views

Indosakusa leaves injiva in stitches

by Future Moyo aka Jamelah | 23 October 2018 | 84 Views

Kombis spend more time in queues these days

by Stephen Jakes | 23 October 2018 | 86 Views

How to find a safe and reliable online casino

by Staff Reporter | 23 October 2018 | 89 Views

Learning Factory: studying History and modern technology in Zimbabwe

by Brian Maregedze | 23 October 2018 | 79 Views

Mugabe's son-in-law appears in court, gets US$30 bail

by Staff Reporter | 23 October 2018 | 136 Views

NSSA reviews retirement grants

by Staff reporter | 23 October 2018 | 107 Views

Zimbabwe teachers to boycott Zanu-PF businesses

by Staff reporter | 23 October 2018 | 89 Views

Mthuli Ncube on a trajectory of vendettas?

by The Banker | 23 October 2018 | 341 Views

Chiyangwa demands respect he doesn't deserve

by Staff reporter | 23 October 2018 | 191 Views

Mnangagwa's Politburo, Central Committee to meet

by Staff reporter | 23 October 2018 | 219 Views

Mines Permanent Secretary in 'baptism of fire'

by Staff reporter | 23 October 2018 | 144 Views

Bid to block Mthuli Ncube's 2% tax hits brick wall

by Staff reporter | 23 October 2018 | 136 Views

Operation Restore Legacy hits RBZ

by Staff reporter | 23 October 2018 | 197 Views

Acie Lumumba fired?

by Staff reporter | 23 October 2018 | 236 Views

Vandalism, theft cost Zesa $20million

by Staff reporter | 23 October 2018 | 101 Views