Mthuli a complete failure: MP

KAMBUZUMA legislator Willias Madzimure (MDC Alliance) on Thursday described Finance minister Mthuli Ncube as a complete failure, claiming Members of Parliament have managed to “put him where he belonged”, while they await the Executive decision on whether he remains in Cabinet.

The MDC legislator who is a member of the Public Accounts Committee (PAC) said this during a panel discussion convened by the National Association of NGOs (Nango) under the theme Public Finance Management: Can it be a Gateway to Sustainable Economic Development.

Madzimure said Ncube had presided over a lot of chaos during his tenure as minister, including allowing over-borrowing by government in breach of the Public Finance Management Act (PFMA) which stipulates that any new borrowing must not exceed 20% of the previous year’s revenues.

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