This Is The Most Stable Economy We Have Seen Over The Past 10 Years – Guvamatanga

Finance Ministry Secretary George Guvamatanga while in an interview with the national broadcaster ZBC made sensation claims that the president made difficult but good decisions since assuming duty on the back of a military coup and the economy has since become stable under his leadership, The Herald reports.

The former First Mutual Bank boss said the shops were full, production had increased people are trading to further make his point. Said Guvamatanga:

That is one major success, to make politically unpopular decisions, which in the long run are good for Zimbabwe and for the people. It was one of President Mnangagwa’s biggest achievements when he took the tough measures to ensure the economy was brought back to life to allow the country to become an economic giant once again.

The fact that the decision taken by the President was difficult for the people, did not necessarily mean it was wrong. There is a difference between a difficult and a wrong decision,” he said. “A difficult decision and a wrong decision are different.

If you look at what was thrown at us over the past two years as a new Government and where we are today and the stability that we have, you will not find it easy to believe it. Shops are full, people are trading.

If you compare what is happening now with what used to happen in the past you will realise that this is the most stable economy we have seen over the past 10 years. Under the stewardship of President Mnangagwa trade balances have vastly improved, as the country is now exporting more than it is importing. The country is now manufacturing more, as evidenced by the shops that are now full with local products.

Guvamatanga went on to explain that things were cheaper before because of subsidies and people were consuming things they did not pay for as compared to now where people are paying for what they are consuming:

We do not have fuel fields here for you to buy fuel at 13 cents, which was not being paid for. We are paying for it now. We are paying for everything you are consuming now and everything that you consumed and paid the wrong price for in the past decade

Sometimes if you consume things you are not paying for, then you do not know their value and you will price them incorrectly. If you give electricity for free, so it would be cheap, you run out of power since power stations break down, new ones are not built and foreign suppliers will not deliver unless they are paid.

Guvamatanga, however, forgot to mention that fuel is still in short supply, inflation has reached over 830% and salaries and wages have been eroded to the extent that civil servants have lamented endlessly while his department is always declaring surpluses.

More: The Herald 


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