There is no budget overrun and I won’t fire Chikwanda – Sata

Filed under: Breaking News |

President Michael Sata has dismissed assertions that the Patriotic Front (PF) government’s national budget has collapsed.

Sata has therefore described such claims as premature, unwarranted and mischievous.

“ Our foreign reserves currently stand at about US$2.4 Billion while the country has recorded over US$2 billion in investment pledges in various sectors of the economy in the first quarter of 2013,” President Sata says.

“Similarly, non-traditional exports grew to US$530.7 million in the quarter of 2013, compared with US$500.9 million recorded during the same period in 2012. It is therefore, irresponsible to engage in extreme talk amidst such a robust national economic performance.”

Sata said this in a statement by his mouth-piece George Chellah, in Lusaka today..

‘In line with the PF manifesto’s commitment of promoting inclusive growth and social justice for all, the government is running an activity based budget and has continued financing projects and programmes judiciously’, President Sata says.

“The focus of the 2013 Budget is to facilitate accelerated and sustained economic growth that translates into tangible realities for our people such as generation of sufficient and stable jobs, a redistribution of income and opportunities in favour of the poor, access to basic services and a general improvement in the standards of living .

“Consequently, we have made substantial allocations towards the health, education, water and sanitation and local government sectors. Other interventions have been targeted towards facilitating sustained growth in the agriculture, tourism, infrastructure development and manufacturing sectors, ”  he says.

In order to guarantee the execution of pragrammes and activities, the President has directed the Treasury to ensure that programme implementation reports are submitted by Ministries, Provinces and other  Spending Agencies (MPSAs) prior to receiving subsequent funding.

President Sata says the PF government is working tirelessly and with greater urgency to ensure that all priority sectors of the economy flourish within the projected benchmarks.

Meanwhile, President Sata has dismissed reports that he intends to substitute finance minister Alexander Chikwanda with a named former finance minister, describing the reports as cheap careless gossip.

Comments Closed

66 Responses to There is no budget overrun and I won’t fire Chikwanda – Sata

  1. jesus never attended any formal sch bt he knew how to read,write and understood economics and thats how he was able to advice his followers to give ceazer wat belongs to him.

    so wat more an educated man of standard 5 !

    amiko - June 26, 2013
    12:17

  2. Satanomics.

    CLERK - June 26, 2013
    11:41

  3. Michael will always do whats best for the people, and people will always do whats waste for Michael.
    MMD PF
    23-cabinate Ministers 19-cabinate Ministers
    20 years 5 major roads 2 years 8 major roads
    subsidy but people remained poor No subsidy but confident
    Zamtel sold Zamtel returned
    20 yeas no rehabilitation at UNZA 2 years UNZA looking new
    5-10% increment for civil servants 200% increment

    kanyinji kalutwa moses - June 24, 2013
    15:47

  4. You useless economist. Analyze the statement. We are not broke yet, we still have foreign reserves. Only when they ran out will the government say we have a budget problem.

    Kaponya - June 24, 2013
    15:16

  5. Countrymen. You don’t even have to go far. Ask any civil servant on how erratic the funding is in government institutes. Most of the projects are continuously being delayed or not happening at all…only those politically oriented move. Of course, funds are available for Ministers to use on TRAVELING.

    John Cena - June 24, 2013
    14:38

  6. I WORK AT MINISTRY OF FINANCE..IT IS TRUE GOVT IS BROKE. THERE IS HUGE EXPENDITURE SUCH THAT WE DONT KNOW WHERE TO TURN TO FOR MONEY…..BLOATED GOVT.MASSIVE CREATION OF DISTRICTS,

    PAMAFI (PF ) PARTY - June 24, 2013
    11:06

  7. WE HAVE ALWAYS SAID IT AND WE WILL SAY IT TILL 2016 …PABWATO SINKING…KIKIKIKIKIKIKI………..WAIT AND SEE. HUGE EXPENDITURE WHERE WILL GOVT GET MONEY.

    PAMAFI (PF ) PARTY - June 24, 2013
    10:57

  8. This man thinks that if he mentions the submission of reports by implementing agencies we will think that the PF is running government prudently. Far from it. This is mere rhetoric. The government is broke and there is a serious budget over-run. And what kind of president is this who wants to run the country through press statements? Why can’t he hold a press conference to address the ALLEGATIONS? What is he afraid of? Why is he failing to face his own people? Press statements can never convince people because they lack the human element – they are remote and used by those who have something to hide. The government is avoiding being asked some critical questions to which they have no answers. They have resolved to be impersonal in the way they are governing. What a shame! We challenge Sata to call for a press conference if he is not afraid of being put on the spotlight for the numerous errors he has committed. His cronies are also shielding him because they know he has no substance to handle the press – he will just expose his stupidity and lack of understanding of how government is run. This country is in a BIG MESS and it is all our fault.

    QUESTIONER - June 24, 2013
    10:51

  9. A liar CNP plus make matters worse grade 7 knows zero?

    gabino - June 24, 2013
    09:53

  10. Well it is obvious that there is a number of unplanned for expenses, with an over stretched bye election expense, huge cabinet and madam kasebas allocation, all these expenses are able to over run the budget.

    MULENGA WA MPANGA - June 24, 2013
    09:48

  11. WHAT A LYING PRESIDENT! SHAME.

    CHIYABI - June 24, 2013
    09:22

  12. WHAT A LYING PRESIDENT!

    CHIYABI - June 24, 2013
    09:21

  13. WAPYA MULILILO VILLAGE CONCEPT BUDGET 2016

    Zambeeeef - June 24, 2013
    08:56

  14. kekekkekekkekekkeke we know everything you can not cheat us come 2016 Miyanda with Village concept budget

    Zambeeeef - June 24, 2013
    08:53

  15. What an incoherent statement!

    Blago - June 24, 2013
    08:25

  16. Next Month we are going to have 75 members of Parliament My dear brothers and sisters , economics is the first born of politics , justice is a distant cousin, popularity is the father of modern politics, Budgets are for westerners, we are Africans, China never used to record its transactions , when it starting doing this western thing, its economy started overheating – I am a ACCA,CIMA and ZICA holder I run my house without a Budget because My Money My salary is not enough, I spent More than T make , close to K1m per day, Budgeting just limits God’s blessings, let us learn to live in abundance by removing this western thing known as the budget……………. as a country over run or under runs are for fools,….. Bravo PF 2016 is for political rehearsals……2021 that is when we are starting ruling ….

    mukondo - June 23, 2013
    22:35

    • You are sick with yo bogues ACCA CIMA

      Tateyoyo - June 24, 2013
      08:07

    • This is pure stupidity.

      CHACHA MU - June 24, 2013
      11:25

    • The ACCA you have is making you reach and earn more.Dont mislead the people no government in the world runs without budget even china has a budget they tell us how much they will spend in Africa.The truth of the matter is that the ministries have no money for projects. Let the government tell the nation how much each ministry recieves each month.

      Namusunga - June 24, 2013
      16:08

  17. That is what UNIP was telling us until they couldn’t pay government salaries and raised the mealie meal price.

    By that time every Zambian owed more money than any people of any other country in the WORLD.

    We are still paying that money back TODAY!

    THAT is why Zambians are POOR!

    Bembabimbo - June 23, 2013
    22:02

  18. How stupid

    Riddick - June 23, 2013
    21:33

    • Even God has called us to plan. Proverbs 16:9 and thereafter we receive His blessings.

      CHACHA MU - June 24, 2013
      11:27

  19. You are not the only economist in zambia!

    Puungwa - June 23, 2013
    21:29

  20. Interesting lies

    shi chabby - June 23, 2013
    21:26

    • @Shi chabby – you seem defeated. Why are you saying “interesting lies” is it because you have no counter argument?

      Kanonga ebo! - June 24, 2013
      08:10

  21. The BUFI UKWANOMICS have lamentably failed. No Mr President. You can lie to the people of Feira and Mpongwe, but you can’t fool the initiated Zambians. It is quite clear for the few intelligent Zambians that there is a budget overrun going by your government’s failure to meet contractual payments for goods and services. The sooner you admit the budget overrun the better chances you have of attracting intelligent public sympathy. Otherwise, heading into July and August when FRA is supposed to be buying maize, heading into September when your government is supposed to implement new civil service FAKE conditions of service, the overrun will manifest and government operations will grind to a halt. So own up while you still have time. Talk of prematurity is utter nonsense.

    Centre Back Of Democracy - June 23, 2013
    20:44

    • Does he even know wat a budget overun is?

      allenh - June 23, 2013
      20:51

      • does it mean if you have foreign reserves of 2.4 billion dollars then you cant have a budget overrun? ba chellah muleipusha before you issue statements on behalf of the president. chellah we are coming for you mwaice,sooner or later!!!!

        Hitman - June 24, 2013
        03:13

  22. This is what happens wen u put illiterates in leadership.he is even afraid of facing the nation because the only thing he know is comedy

    allenh - June 23, 2013
    20:43

  23. Why does Ukwason hide in Muvala George when he needs to call a presser?

    Ku Masangalatoni--Lekeni HH ateke - June 23, 2013
    20:28

  24. I DONT BLAME THE W/D BUT PEOPLE WHO FEEDS IT WITH WRONG INFORMATION.

    Fountain of Wisdom - June 23, 2013
    20:23

  25. to start with, sata does not even know what a budget is let alone the purpose for a budget. that is why each time he stands on a podium like monkey, he announces new districts with no reference to a budget. ask kambwili what a budget is he will tell you its some kind of meat imported by zambeef from u.k.

    matipa - June 23, 2013
    20:04

    • Wat do u expect wen the highest grade he has gone is grade 5

      allenh - June 23, 2013
      20:46

    • Imwe baficolour and you believe yourselves with your other small heads of the two that what you hallucinate about is true?

      Gk - June 23, 2013
      21:07

      • PF English….

        British Caledonian - June 23, 2013
        21:23

      • WTF?

        Boondocks - June 24, 2013
        00:19

  26. If money there can some tell me why the kwacha is trading at k 5.14 please.

    chipaya - June 23, 2013
    19:51

    • Check your facts. It is now K5-50

      Bembabimbo - June 23, 2013
      21:57

  27. But you Sata, how much did you budget for the bye elections?

    ZAMBIA MY COUNTRY - June 23, 2013
    19:48

  28. People Money is dey but some MMD in government are the one who don’t want to realize money on time to pay contractors…etc!

    mwansa - June 23, 2013
    19:26

  29. BUFI ubwafita fititi (LIES as black as sata-n

    zombie - June 23, 2013
    19:06

  30. Let us not blame Sata.The idiot who got us in this mess is RB,He literally handed over the presidency to Sata.Quite clearly he failed to appreciate the challenges that his office entailed.Let the fool suffer

    Mailon - June 23, 2013
    18:57

    • You wanted RB to go to ICC since the kaponya’s started being violent?

      Lets just blame ourselves and find a solution of coming out of this shit. But with the likes of people of feira kaya.

      stupid - June 23, 2013
      19:12

  31. Foreign reserves have nothing to do with the budget.We shall see if there shall be no supplementary budget.

    Puungwa - June 23, 2013
    18:51

    • And why are contractors and suppliers of routine goods and services to govt not being paid?

      Native - June 24, 2013
      00:21

  32. please your exellenc dont fool people why is it you are failing to pay suppliers of goods and services and you have failed to pay contractors for several months now as a resuly their families are suffering because of your lies. you only think of government workers but what about the multitudes who depend on these contractors and suppliers. mr chikwanda and your exellence God will punish you for punishing innocent souls/ just because you are government you can pay at your own time and yet fou forget that people sacrifice alot to do these contracts and supply goods and services.Let GOD bless you for ill treating innocent people/

    mwadyamweka dadi - June 23, 2013
    18:51

  33. It is extremely difficult to avoid budget over-run with such a bloated ministerial positions, induced byelecfions , unbudgeted for districts and manpower wages thereof.

    Advocate - June 23, 2013
    18:48

  34. Some people only accept being thieves if caught in the Act.

    Original - June 23, 2013
    18:48

  35. Wanted to get surprise that sata could be talking economics only to realise it’s a written statement from chikwanda. I still insist there is over run in our budget. The by-election is not much but the establishment of new districts after the outside the budget that my friend has done worse to the economy together with the massive increament in wages and many more expenses outside the budget.if u recall very well wgerever our sata went left orders for projects to be done outside the budget.no wonder our budget will not be implemented.the score of the budget will not exceed 30% execution.

    bingo - June 23, 2013
    18:38

  36. Kaya! Niba makunka .kano wachelela pakubasanga.

    maura - June 23, 2013
    18:38

  37. These P.F.O.O.L.S always think they can cheat everyone and get away with it…

    Evelyn Hone College/Kariba Hostel - June 23, 2013
    18:38

  38. ZWD repost the statement from treasury dept. Use budgeted minus Actual if you get a negative it is overrun by that figure.
    Goerge is a journalist not a financel man. Forgive him.

    Kuyoya - June 23, 2013
    18:35

  39. More LIES from PF and Sata!

    Obviously the mathematics are beyond the brains of this std.5!

    “Pledges” and actual investment are not the same. With the current chaos and exchange controls coming, most of these “pledges” will never happen.

    ONE BILLION US Dollars wasted and what have Zambians got for it?

    Free maize donations to Zimbabwe and mealie meal price that has doubled here at home?

    We can do the sums and see the LIES!

    BUFI! BUFI! BUFI!

    Bembabimbo - June 23, 2013
    18:33

  40. Investiment pledges are neither here nor there.

    wiza - June 23, 2013
    18:28

  41. Governing is for the wise, not these niggas.

    Mike - June 23, 2013
    18:24

  42. The reserves are dwindling. Monkeys. No added value to the reserves sure. Makaka.

    Daniel - June 23, 2013
    18:24

  43. RB left 3.5 billion in reserves, so in less than 2 years they have squandered at least $1 billion, bakolwe!

    Kay - June 23, 2013
    18:18

    • especially kuma By elections

      Mwape - June 23, 2013
      18:22

    • Stop lying iwe. you have no shame check your facts before you hallucinate. i think it was around 1.5 to 2 bilion.

      Bob Mengo - June 24, 2013
      08:32

  44. if the country has foreign reserves of $2.4 billion why did we issue the Euro bond?

    lackie - June 23, 2013
    18:11

    • Aeeee, going for kaloba when have savings, very strange lies always catch up with liers.

      Kayombo - June 23, 2013
      18:19

    • What is your profession? I guess you are an intelligent engineer who is not so much braced with economics

      Walasa - June 23, 2013
      18:20

      • I agree with you, except he is not even an engineer but an empty tin.because even an ordinary business man does not only borrow when has completely run out of cash, but he borrows because he has seen an opportunity to invest in some booming business.Therefore, Government can not wait to borrow for the purpose of infrastructure development until the reserves are milked.

        Bob Mengo - June 24, 2013
        08:43

    • They forgot to mention that reserves where at $3.4 billion in Dec 2012 and we are down by $1 billion in barely 6 months. The fact is the number is headed the wrong direction
      This data is available on http://www.boz.zm for those who want to verify

      Data - June 23, 2013
      18:50

    • Greed! More money to eat before 2016!

      By then reserves will be finished!

      Bembabimbo - June 23, 2013
      18:51

    • Says who?

      Mabvuto - June 23, 2013
      19:05