by Derick Tsimba
Speaking during the launch of the Government’s Transitional Stabilisation Programme (TSP) today in Harare, Minister of Finance and Economic Development, Prof Mthuli Ncube said the TSP was for implementing reforms towards a prosperous and empowered upper middle income society by 2030.
Prof Ncube said the country should achieve the vision 2030 of becoming a medium economy through restoration of fiscal balance.
“His Excellency launched vision 2020 from October 2018 to December 2020 which desires Zimbabwe to become a middle income society by 2030. The dissemination of the TPS is now being done after approval by cabinet...the programme is a policy for implementing vision 2030.
“Government is going to correct the micro economic environment imbalances, eliminate physical disequilibrium, reduce the budget deficit and correct the issue of the procurement in which companies were overcharging Government,” the Minister said.
“The aspiration of vision 2030 will be realised through five strategic clusters, namely: Governance, Macro-economic stability and re-engagement, inclusive growth, infrastructure and utilities as well as social development,” said the Finance and Economic Development Minister.
Minister Ncube also said, “The business environment and each Ministry should undertake to produce a vision plan at department levels to monitor the progress being made. TPS shall also focus on institutional reforms and measures shall be taken to plug leakages and corruption. Toughness shall be introduced on controlling expenditure.”
Harare Post has learnt that among other drastic measures the Finance and Economic Development Minister introduced through the TPS are; the Civil Service wage bill containment measures, reduction of budget travel containment from some leakages, review of parliamentary seating allowances, removal of POSA and AIPPA to introduce more democracy, limited expenditure on by-elections, State owned enterprises reform. Production sector reforms shall be put in place, introduction of smart agriculture including major economic aspects such as addressing drug shortages, water and sanitation provision and road rehabilitation in high density areas.
