We must only borrow for economic projects, not building schools – Simumba

ECONOMIST Trevor Simumba says any debt which the UPND government acquires, especially in its first year, should be targeted at the economic sector, rather than the social sector. And Simumba says the 2022 budget should focus on bringing fiscal stability into the economy. Meanwhile, Simumba says there was need for a management change at Zesco in order for the utility company to work prudently. Commenting on the loan which government got from the World Bank for building schools in an interview, Simumba said he would have preferred if any borrowing was targeted at the economic sector. “In terms of the debt that the UPND has acquired on the construction of schools again, I would have preferred that any debt that...