{"id":41416,"date":"2023-03-01T23:32:41","date_gmt":"2023-03-01T23:32:41","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/lets-endure-pain-cornelius-mweetwa-tells-zambians-upnd-didnt-create-economic-malaise"},"modified":"2023-03-02T22:09:23","modified_gmt":"2023-03-02T22:09:23","slug":"lets-endure-pain-cornelius-mweetwa-tells-zambians-upnd-didnt-create-economic-malaise","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/lets-endure-pain-cornelius-mweetwa-tells-zambians-upnd-didnt-create-economic-malaise","title":{"rendered":"LET\u2019S ENDURE PAIN, CORNELIUS MWEETWA TELLS ZAMBIANS \u2026 UPND didn\u2019t create economic malaise"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zambia. <\/strong><\/span>Southern Province minister Cornelius Mweetwa has said that Zambians have to endure the pain arising from the removal subsidies for now, which he said is one of the austerity measures the UPND administration has put in place to rebuild the economy.<\/p>\n<p>Featuring on Radio Phoenix programme dubbed \u201cLet the People Talk,\u201d on Tuesday, Mweetwa said that the UPND government inherited a crippling economy with unsustainable debt and economic growth of negative two.<\/p>\n<p>He said that the Patriot Front administration engaged in excessive borrowing to appease the people without taking into consideration that the country has an obligation to pay the debt.<\/p>\n<p>Mweetwa said that, as things stand, the electoral promises that the UPND made while in opposition have to be fulfilled within the prevailing economic situation.<\/p>\n<p>\u201cThe high inflation rate has contributed to the high cost of living. Secondly, the high cost of living is informed by the high cost of production, arising from the high cost of fuel. Remember that as a country we import fuel,\u201d explained Mweetwa. \u201cAnd the nation may wish to know that we (the UPND administration) inherited a crippling economy with unsustainable debt. In 2021 our economy growth rate was negative two. The previous government was excessively borrowing billions of dollars to appease the people without taking into consideration the fact that the country has to pay that debt. We were defaulting, thereby leaving a burden on innocent citizens. We are not the ones that created this economic malaise we are in today. The electoral promises we made now have to be fulfilled within the prevailing economic situation.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zambia\">Zambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zambia. Southern Province minister Cornelius Mweetwa has said that Zambians have to endure the pain arising from the removal subsidies for now, which he said is one of the austerity measures the UPND administration has put in place to rebuild the economy. Featuring on Radio Phoenix programme dubbed \u201cLet the People Talk,\u201d on [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":41414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[234,235,233],"class_list":["post-41416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>LET\u2019S ENDURE PAIN, CORNELIUS MWEETWA TELLS ZAMBIANS \u2026 UPND didn\u2019t create economic malaise - Zambia<\/title>\n<meta name=\"description\" content=\"Southern Province minister Cornelius Mweetwa has said that Zambians have to endure the pain arising from the removal sub ...\" \/>\n<meta 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