UPND promise to introduce windfall tax

The opposition United Party for National Development (UPND) says if voted into office, they will use other prudent fiscal measures of raising revenue as opposed to engaging in reckless borrowing.
UPND Deputy Spokesperson Edwin Lifwekelo says Zambia’s economy is showing tremendous signs of recovery but that irresponsible borrowing can trigger a slum in its growth.
Mr. Lifwekelo says the UPND has a well defined roadmap on how they will raise revenue locally instead of engaging in excessive borrowing like the way the PF has done in the last three years.
The UNPD deputy spokesperson maintains that the introduction of windfall taxes in the mining industry can better help create more jobs and reduce poverty.
He says the UPND Leader has promised to introduce the windfall tax to help address some of the challenges the country is currently facing.
Mr. Lifwekelo is of the view that more measures should be put in place to lower interest rates for loans to be leaned to average businesses or individuals in order to further trigger increased economic activity and help create jobs in the country.
Mr. Lifwekelo was speaking in a telephone interview with QFM News.

Report by Albert Mpezeni