Zimbabwe’s Finance and Economic Development Minister, Professor Mthuli Ncube has said that his projections as indicated in the 2020 Budget Statement presented in Parliament last week were not farfetched.
Ncube said that the optimism with which the government has must not be mistaken for the government’s ignorance of the deteriorating state of affairs. He added:
Rather, because our optimism is based on cold, hard facts. And these facts are that for the past year, our responsible austerity measures and the reclaiming of Zimbabwe’s monetary and fiscal fate have put our economic vision on firm foundations.
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I have taught this mantra at some of the world’s finest universities, and it remains true: If the fundamentals are right, growth will follow.
Meanwhile, there are some analysts who believe that Ncube’s projections are not only utopian but are also not informed by reality on the ground.
Ncube’s remarks come when Zimbabwe’s socio-economic woes continue to mount due to power deficits, soaring inflation, and drought as well as the standoff between the ruling ZANU PF and the opposition MDC.
More: The Herald