By ZBC Reporter
GOVERNMENT is now implementing the National Development Strategy One through the setting up of various Statutory Instruments to promote and safeguard the economy’s productive sectors.
Zimbabwe is now implementing the National Development Strategy one economic blueprint aimed at promoting sustainable economic growth, employment and new wealth creation among other key targets.
The promulgation of Statutory Instrument 89 of 2021 is one such example where strengthening of the country’s manufacturing and agriculture sectors is high on the agenda, while Statutory Instrument 87 of 2021 has given the tourism sector an opportunity to counter Covid-19 effects through the scrapping of Value Added Tax on tourism products.
Statutory instruments 96 and 97 of 2021 are also coming in handy to promote funding in the production process of cotton and soya bean through regulations in the sale of the cash crops.
Economic Analysts say the recent statutory instruments will strengthen value chains of key pillars of the economy.
“What we have witnessed in the recent past where a number of Statutory Instruments have been announced is aligning of policies to the objectives of National development Strategy one as well as the goals of Vision 2030.
“The issuance by the Government of Zimbabwe of Statutory Instruments shows authorities are already in the process of implementing the NDS1 which endeavour to steer the economy onto a growth path to realise an average of 5 percent Gross Domestic Product (GDP) growth rate per annum over the Strategy Period,” they said.
The policies are part of Government efforts to achieve and sustain inclusive and equitable real GDP growth through promoting new enterprise development and job creation.