By ZBC Reporter
THE National Development Strategy which takes effect form next year is expected to spur further economic development, building on the successes of the Transitional Stabilisation Programme which has been commended for bringing the much needed stability in the national economy.
As the curtain comes down on the Transitional Stabilisation Programme next month, Cabinet announced that the two year economic blueprint will be replaced by a five year economic plan, the National Development Strategy (NDS).
Economic Analysts have since applauded government for successfully implementing reforms under TSP which have decisively dealt with the twin evils of budget and trade deficit.
“Let’s give credit where it is due because in a very short space of time Government has managed to institute the necessary reforms which have curtailed price increases, exchange rate manipulations and other distortions,” said Professor Gift Mugano.
“It is incredible that we have recorded a lot of achievements in two as enshrined in the TSP and with the prevailing economic stability we expect the economy to grow further,” said businessman Langton Mabhanga
The NDS is expected to ride on the strong foundation created by the TSP with various analysts confident that the five year economic blueprint will facilitate the attainment of vision 2030.
“The NDS will set a firm foundation to create jobs, increase productivity, and exports growth and achieve annual economic growth of at least five percent annually,” said Dr Prosper Chitambara.
“From business perspective, we expect the increased inflow of foreign currency which will benefit manufactures and retailers and again with inflation being kept under control consumers will be able to exercise their demand for products,” said CZR president Denford Mutashu
Hopes are indeed high that the national economic development agenda is well on course with the National Development Strategy a key step in the attainment of an upper middle income economy by 2030.
By ZBC Reporter