Monday, October 20, 2014 Local time: 11:19

News / Economy

Zimbabwe Ministers Abusing State, Parastatal Resources

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State Enterprises Minister Gorden Moyo says ministers from across the political divide are crippling state enterprises as they continue to illegally accept allowances and perks from government companies.
 
Moyo told VOA Studio 7 the latest parastatal financial statements indicate that some ministers are double dipping as they are getting allowances from their offices and government businesses and using related facilities in line ministries - prejudicing the coalition government of millions of dollars.
 
Moyo said the ministers and other top state officials are violating the Public Finance and Management Act with impunity as they are also drawing fuel and hiring vehicles in parastatals meant for executives of state enterprises.
 
Parliament, he says, is the only arm of the government that can stop some of these practices that are almost crippling state enterprises.
 
Most parastatals failed to submit financial statements in the past under the Zanu PF government.
 
Moyo said these ministers have to be punished for abusing state funds and facilities.
Interview With Gorden Moyo
Interview With Gorden Moyoi
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