Finance and Economic Development Minister Professor Mthuli Ncube has said its only fair for Zimbabweans to judge him after 6 months.
Zimbabwe’s economy continues dwindling characterized by speculative activities, especially illegal foreign currency trading, which have caused a marked depreciation of bond notes and RTGS balances against the United States dollar, triggering hikes in the prices of basic commodities, panic-buying and product shortages.
Following the imposition of a levy which sparked a public outcry Presindent Mnangagwa and his Finance Minister, hold a view that the road to economic recovery is painful but necessary part of the government’s attempts to revive the economy.
In an interview with State Media, Minister Ncube said,“I have only been a minister for one month. We need patience, we know what we are doing. What I can say to Zimbabweans is that they should give me six months to see the full impact of the changes from the policies that we have pursued.
“Of course, I need a year to make a formal report with things such as the Budget, but judge me after six months. We would have made very good progress in various fronts, both in terms of arrears clearance agenda and progress on the fiscal front, dealing with the revenue front which we have acted on and cutting Government expenditure.”
Writing on his Twitter page Minister Ncube also said government is set set to reduce expenditure so that it survives within its means.
Government is going to reduce expenditure and soon we are going to announce those measures to make sure that we meet the people of Zimbabwe half way & we contain the budget deficit so that we live within our means.
— Prof. Mthuli Ncube (@MthuliNcube) October 20, 2018
He added that the forthcoming Budget presentation will show that government is serious about cutting expenditure
