ESP funding exhausted is ‘false’: Dentana

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Dentana
PS Finance: Dentana
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BY BARNABAS MANEBONA

MINISTRY of Finance and Treasury (MoFT) Permanent Secretary (PS) McKinnie Dentana said information that the Economic Stimulus Package (ESP) funding being exhausted is not ‘true’.

The PS said that information is basically false and produced by irresponsible reporting, explaining that the ESP is funding they ring-fenced.

Since the establishment of the ESP, Mr Dentana said they have secured funding through bilateral partners as well as raising local financing.

“Clarification regarding wrong information on ESP, the most recent information is the funding that is exhausted. That information is basically false, and produced by an irresponsible reporter. I want to make it clear that as we have previously always said, funding of ESP is funding that we ring-fenced,” said Dentana.

“Since the establishment of the ESP, we have secured funding through bilateral partners as well as raising local financing.
“And one correction I want to make as well is some reporters say the funding comes through taxes and duties from Inland Revenue. That is totally wrong information as well. No ESP funding comes from government revenue through domestic raised tax or duties. Funding for ESP is mainly from bilateral partner donor support plus resources the government raise domestically.

“That is information I want to make clear that confuses people.”


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