Economists have said that they expect Finance Minister, Professor Mthuli Ncube to unveil new measures which are aimed at, among other targets, bringing stability to the economy, boosting production and cushioning the general populace.
The expectations come at a time when Ncube is today (Thursday) expected to present his 2019 Mid-Term Budget Review Statement.
Economist and former Bulawayo East Member of Parliament, Eddie Cross, said that Ncube must give an account of how the Transitional Stabilisation Programme has faired so far. Cross also expects Ncube to announce measures that will reduce taxes so as to lessen the burden carried by the general populace.
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Harare Economist, Dr Gift Mugano, said that Ncube should announce measures aimed at boosting production in the country. Mugano added:
Without production the currency is going to weaken, so we need to come up with a number of fiscal incentives to promote production.
Mugano also warned Ncube against unexpectedly announcing new economic policy reform measures saying that they tend to kill confidence in the government.
The government has since the end of 2018 been implementing austerity measures aimed at kickstarting the economy.
The measures have been heavily criticised for bringing pain on the citizenry when the gains “don’t seem to outweigh” costs incurred.
Recently, Foreign Affairs Minister announced that for the next three years are going to be tougher than what the nation is experiencing. President Mnangagwa and RBZ governor, Dr John Mangudya, however, suggested that austerity measures were coming to an end at least by the end of the year.
More: The Herald