Mthuli Ncube Is Moving The Economy In The Right Direction – Economist Ashok Chakravarti

Economist and University of Zimbabwe lecturer, Ashkot Chakravarti said that civil servants are justified in demanding a salary adjustment. He, however, said that they have to understand that the economy had been mismanaged for two decades. The renowned economist applauded the efforts being made by Finance Minister Mthuli Ncube to revive the economy when he said that this is the first time in a long time that something is being done. He said:

I am confident there are ways of raising additional revenues without increasing taxation, but it has to be part of a comprehensive reform package. Such measures have to be given consideration. I think it is not an unreasonable demand (civil servants asking for better wages). I mean all of us want to have a wage or salary that covers our basic living, but the reality is that look we have to accept the fact that there have been 20 years of mismanagement.

…that is all coming home to roost now. If you think that this is going to be solved in a day, then this is where I differ with most people and, of course, people are upset with the condition of the economy. But, I think for the first time in a very long time some effort is being made to move in the right direction and I think it will take time for these measures to play out.

More: The Standard


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Mthuli Ncube

Professor Mthuli Ncube is the Minister of Finance and Economic Development.He was the Chief Economist and Vice President of the African Development Bank ,financial, economics, investment, and public policy expert, entrepreneur and academic. Professor Ncube divides his time between the private sector in Switzerland and... Read More About Mthuli Ncube

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One Comment on “Mthuli Ncube Is Moving The Economy In The Right Direction – Economist Ashok Chakravarti

  1. I also believe in what Mthuli is doing. I am sure before the end of this year, we will start to notice change and improvement. Well done Mthuli.

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