MPs splash out at budget conference
Publish date: 04 November 2019
Issue Number: 848
Diary: IBA Legalbrief Africa
Prosperity replaced austerity for almost 300 politicians and public servants who splashed taxpayers' cash on parties, cruises, sex workers and cross-border shopping in Victoria Falls last week. They were attending a conference to plan for Finance Minister Mthuli Ncube's budget speech later this month when he is expected to reveal a multi-billion dollar budget deficit. A TimesLIVE report notes that the financial crisis topped the agenda at conference sessions but shortage of cash was far from the minds of senators, MPs and public servants, many of whom spent the four-day conference staying at the luxury Elephant Hills Hotel. Reserve Bank of Zimbabwe governor John Mangudya further cheered MPs by announcing they were all getting new luxury vehicles. ‘We have agreed with a supplier that we are going to provide a letter of credit for the purchase of your vehicles. We have already spoken to the bank and that supplier and we have agreed that they will be delivered at one time,’ he said. The line of credit is for US$16m and that there are plans to buy 350 vehicles, including two for each Minister and dozens for parliamentary officials.