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Treasury Used $10.6 Billion Outside The Budget, Without Seeking Approval From Parliament – Biti

7 October 2020

Firebrand politician and lawyer Tendai Biti who is the chair of the Public Accounts Portfolio(PAC) in parliament has said treasury between 2015 and 2018 used about US$10.6 billion outside the national budget, without seeking approval from parly, New Zimbabwe reports.

The matter came to light during a parliamentary hearing on public accounts in which Biti said:

The over expenditure by the Finance ministry was a massive invasion of the Constitution. This was outside the allocated budget. This is a deficit on top of a deficit. Very abnormal. These amounts are extraordinary. Treasury now fully appreciates the expectations of PAC, in particular the need to bring this Financial Adjustment Bill to closure

Biti reportedly called the spending an:

abnormal finances outside the budget allocation.

The spending reportedly continued even after Auditor-General Mildred Chiri had exposed the over-expenditure in her reports. According to the publication, some of the expenditure is directly linked or indirectly linked to the controversial command Agriculture that gobbled above 3 billion and still produced no tangible results.

More: New Zimbabwe

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