by Derick Tsimba

Government is working on policies to deal with the macro-economic imbalances, the Minister of Finance and Economic Development has revealed.

Unveiling the Transitional Stabilisation Programme from October 2018 to December 2020 recently, Minister of Finance and Economic Development, Professor Mthuli Ncube said key macro-economic programmes were going to be indentified for implementation.

“A stable macro-economic environment characterised by fiscal and monetary discipline, as well as a sustainable balance of payments position, is critical in building investor confidence.

“The programme targets strengthening fiscal responsibilities and management of Government expenditures in order to create an appropriate environment for increased budget development expenditures that enable and enhance the economy’s overall productive services,” said the Minister.

The Minister also said that measures to control budget for Government expenditure shall begin as early as possible.

“Adoption and implementation of measures to regain control and management of budget expenditures shall be over the period from January 2019 to December 2020 targeted to support gradual recovery in budget expenditure on essential infrastructure,” he said.

Prof Ncube also said all productive units of the economy were going to be accessing affordable lines of credit to increase economic activities.

“The financial sector shall support development, in view of the significance of credit in driving economic activities, the Transitional Stabilisation Programme targets increased access to affordable credit by all productive units of the economy with appropriate tenors.

“Production of goods for export remains Zimbabwe’s major source of foreign currency to support realisation of vision 2030 towards a prosperous and empowered upper middle income society with job opportunities and high quality of life for its citizens,” the Minister said.