‘Speak out on Debt Assumption Bill’

PARLIAMENT has invited views from the public on the Reserve Bank of Zimbabwe (RBZ) Debt Assumption Bill which will transfer the $1,3 billion debt from the central bank to government.

Chairperson of the Parliamentary Portfolio Committee on Finance and Economic Development David Chapfika yesterday told journalists during a media briefing that it was imperative for people to speak out because taking over of the RBZ debt by government had effects on the tax payers.

“The debt came by during the hyperinflation era when RBZ had assumed quasi fiscal activities, and although it was not an ideal thing to do, it was necessary because they had mobilised resources to keep government going,” Chapfika said.

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