Categories: Stories

Zimbabwe needs $100 million for the referendum but cannot raise $32 million for food

Zimbabwe, which has been battling to fund the Constitutional Select Committee tasked with drafting the country’s new constitution, will need $100 million for a referendum to get the people’s opinion on the constitution before it can hold fresh elections.

At the same time the country cannot afford to feed 164 000 households who require food assistance. It requires $32.4 million but will only contribute $18.7 million with the balance coming from donors.

Finance Minister Tendai Biti said the government would need an additional $180.1 million this year, including the $100 million for the referendum. The balance of the money would be broken down as follows: $35.2 million for student support; $30.9 million for international and regional community obligations and foreign travel; $7.2 million for support to security areas and $6.8 million for war veterans welfare.

The Constitutional Select Committee (COPAC) was supposed to complete its job more than a year ago but was bogged down by lack of cash. It is now expected to complete its job in October.

A referendum has to be held three months after COPAC completes its report but this is entirely up to the executive. Legal experts within COPAC say, however, the referendum is a mere formality, and therefore an unnecessary expense, because the new constitution is being drafted by the key political parties so everyone will be campaigning for a Yes vote.

People rejected the last draft constitution in 2000 but though it had been drafted by a constitutional commission it was opposed by the Movement for Democratic Change and the National Constitutional Assembly.

The NCA is likely to oppose the new constitution but it will have a tough fight on its plate as its main ally the MDC is now part of the constitution drafting team and its leader is the country’s Prime Minister.

(21 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Top 20 countries in debt to China- Zimbabwe is not one of them

Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…

May 1, 2024

Is Zimbabwe now on the right track?

The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…

April 30, 2024

Watch: RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June

Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…

April 29, 2024

US loses its place as most influential power in Africa to China

The United States lost its place as the most influential global power in Africa last…

April 27, 2024

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024

Zimbabwe International Trade Fair plans to turn exhibition centre into commercial complex

The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…

April 25, 2024