Govt Issues Contradicting Statements On Austerity Measures

Government officials have this week issued contradicting statements on austerity measures the government rolled out at the end of the year 2018.

The raft of stiff reforms including the 2% electronic tax has left the nation lamenting.

Foreign Affairs Minister, Sibusiso B Moyo, this week warned that three coming years would be tougher than the current situation. His remarks attracted criticism from various quarters of the society with some describing the government as cruel, detached from the masses, and clueless on how to solve the current economic crisis. Moyo had said:

We need appropriate fiscal policies and so far government has done well and has squeezed money supply because there was too much government expenditure and it means that things are going to be tighter to a maximum of three years, and by then we should have done all painful activities and then go to a stage when things are going to normalise.

President Emmerson Mnangagwa later suggested that things would start to normalise at the end of this year. He said that adopting populist policies would be a disservice to the country. He added:

So we must brace up and endure the hardships, albeit always explaining to our people what we are trying to do. As I highlighted in the past, the situation will begin to get better by the end of the year.

His remarks were echoed by Industry Minister Mangaliso Ndlovu who said the country was nearing the end of austerity and approaching prosperity.

More: Daily News


Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, click here to enter your query.

Comments

Back to top

Write a Comment

Your email address will not be published.