Finance Minister Joseph Mwanamvekha has criticized the previous government for depleting the State House's budget allocation of 67 billion kwacha within just six months. He stated that the rapid expenditure indicated irresponsible financial management and compelled the current administration to acquire additional loans to maintain State House operations.
Mwanamvekha further revealed that the Office of the President and Cabinet had already exhausted its entire annual budget. He described this situation as abnormal and a sign of broader accountability failures.
The Minister emphasized that planned reforms would focus on strengthening fiscal controls and enhancing oversight to prevent future occurrences. He asserted that greater transparency is essential for rebuilding public trust in state institutions, adding that Parliament is expected to further examine the matter.
Mwanamvekha further revealed that the Office of the President and Cabinet had already exhausted its entire annual budget. He described this situation as abnormal and a sign of broader accountability failures.
The Minister emphasized that planned reforms would focus on strengthening fiscal controls and enhancing oversight to prevent future occurrences. He asserted that greater transparency is essential for rebuilding public trust in state institutions, adding that Parliament is expected to further examine the matter.
