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“More money in your pockets” was never about economics but politics.

Finance Minister Alexander Chikwanda presented his 2014 Budget Speech to Parliament last week. The Zambian Economist commented afterwards: “The public-wage bill will account for 53% of government revenue in 2014. The definition of government spending out of control. How can we develop as a country with this sort of economic folly?” Fiscal indiscipline has gotten us into […]