Parly committee urges transparency on debt

Chairperson of the Parliamentary Portfolio Committee on Finance and Budget, Felix Mhona, has called for transparency and accountability on the country’s contracting of debts to avoid overburdening future generations with unnecessary liabilities.

Addressing a Zimbabwe Coalition on Debt and Development high-level conference on debt in Harare on Friday, Mhona said it was imperative that members of the public and Parliament are engaged or consulted before government enters into debt agreements to fund its operations.

Zimbabwe currently has a huge external debt burden of $7,7 billion and around $9,5 billion domestic debts.

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