*Contact* : UPND Presidential Spokesperson,: Anthony Bwalya +260 97 8138847
Lusaka – (27.02.2021)
The UPND’s economic reconstruction plan is anchored on the transference of the control of money and economic power back to individuals and households.
This is the precise opposite of what the PF regime have done, by robbing individuals and households of all economic power and opportunity in the name of big government spending, which is fuelled by grand corruption.
The UPND believes that a K1 in the pocket of an individual is worth more than a K1 in government Control 99 account.
While an individual or family will spend their K1 on things that directly impact their welfare and well-being, government will spend its K1 on cars, fancy luxury aircrafts and big roads heading to nowhere.
This is why the UPND administration , as part of the process of shifting economic power back to the people, we have committed to the following measures among several:
1. Reform PAYE so that tax exempt bracket is K4,000, upper tax bracket to reduce to 22.5% from the current 37.5%, middle tax bracket to hover between 10 – 15%.
This translates as at least $1.5bn injected directly into the micro economy over an initial 5 year period.
The impact is a minimum K830 into the pockets of individuals and families.
2. Reform NAPSA to allow contributors partial, periodic access to their money ahead of retirement.
This will also be the basis of a NAPSA supported unemployment benefit scheme for out of work contributors.
3. Stamp out government sponsored corruption and redirect a minimum a minimum $2.5bn per annum away from corrupt government elements and back into critical public sectors such as education, skills development, healthcare, agriculture and actual job creation through rapid industrialization.
A different Zambia is possible.
But we must deliver it together by committing to moving #forward.
UPND MEDIA TEAM