Matambo treads budget tightrope
Saturday, May 30, 2015
Stagnant public revenues and rising needs set against growing public expectations on promoting inclusive growth leave him with a plethora of urgent priority tasks which cannot be implemented simultaneously.
With the new fiscal rule demanding that government sets aside up to 40 percent of mineral revenues to buffer financial savings, the need to post another budget surplus has added pressure to the mounting concern over the inadequacy of resources channelled towards driving poverty eradication, income equality and job creation.
While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...