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The main opposition All People’s Congress (APC) member of Parliament, Sorie Koroma has urged President Julius Maada Bio to declare austerity as the country is currently gripped in financial difficulties.
The parliamentarian, in a TV interview with AYV, said that Bio’s administration needs to act responsibly with spending taxpayers’ resources considering the current state of the economy.
“Government have to be responsible with the people’s monies,” he said. “All of these loans that government take is the money of the people and when this government exits, the loans will still be there and they will be borne by the next government.”
Koroma affirmed that Bio’s administration is scared to declare austerity due to the negative connotation the they have attributed to it.
“Austerity cannot be a bad word,” he said. He added that the term signifies government cutting down on unnecessary expenditures in a bid to cushion the economy.
The concept of austerity gained prominence in Sierra Leone following the Ebola outbreak, which had a significant impact on the nation’s economy. Coupled with the decline in iron ore prices, these challenges prompted the Ernest Bai Koroma administration to implement austerity measures aimed at stabilizing the economy and fostering recovery.
The country has faced challenges in restoring its GDP growth trajectory since 2016, primarily due to the rising cost of living. However, these challenges present opportunities for innovative solutions that can improve the economic landscape and support the local population.
Despite the government’s efforts to implement various strategies aimed at alleviating hunger, the West African nation continues to face challenges. Independent international organizations such as the World Hunger Index have highlighted the ongoing struggle with food insecurity. However, these obstacles present an opportunity for further collaboration and innovative solutions to improve the situation and enhance food security in the region.
Julius Maada Bio is a disgrace, an electoral and financial thief who doesn’t mean well for Sierra Leone. Each time he’s in power, he steals, kills, and behaves irresponsibly. This time around, he will not get away with this for making Sierra Leoneans poorer, and living in fear as there are killings across the country .
Austerity from the word go, has been touted a taboo word by the paopa clans for selfish political reasons. They used it to erroneously spread negative propaganda against the former administration. By applying the opposite of that policy that requires severe curtailment of govt expenditures to bal budgets; has now led this country into the abyss of massive economic downturn through unbridled spending of taxpayer’s money. The unbearable result is now being mercilessly borne by our continually impoverished people.
The honorable should have cautioned their government during their time in office. He should recall that all this government is eating, or going through now was cooked or caused by your government.