Gov’t wants ‘five percent and above’ growth over NDP12

Hard grind: Going forward, the economy needs to grow by five percent and above to reach the Vision 2036 targets 
PIC: PHATSIMO KAPENG
Hard grind: Going forward, the economy needs to grow by five percent and above to reach the Vision 2036 targets PIC: PHATSIMO KAPENG

The Finance Ministry is targeting a growth rate of five percent and above over the National Development Plan (NDP) 12 period, which kicks off next April, even as its forecasts indicate average growth rates of between four and 4.2 percent over the period, BusinessWeek has established.

NDP12 will run until March 2029 and represents a crucial period for fiscal consolidation and acceleration of the country’s structural goals such as economic diversification and digital transformation as well as socio-economic aspirations around employment creation and inclusion.

According to Finance Ministry officials, the NDP12 growth target is in line with the country’s long-term vision of attaining high-income status by the end of 2036. The upcoming planning period is the second of the three NDPs that fall under Vision 2036, the transformational agenda government hopes will deliver an “export-led economy underpinned by diversified, inclusive, and sustainable growth”.

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Keep your mask close

Wearing of masks behind closed doors has been mandatory following the government’s August decision that the public was freed from masking in outdoor spaces.According to a press statement from the ministry, all other remaining COVID-19 protocols such as social distancing in schools and requirements for vaccination or PCR tests at ports of entry have also been relaxed.Statistics still show that hundreds still die daily due to the pandemic around...

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