Trade policy holds and the 'economic transformation' question
Friday, February 07, 2020
New broom: Matsheka delivering the budget speech on Monday PIC: KENNEDY RAMOKONE
The fundamental question from Dr. Matsheka’s maiden delivery is: What will it take to truly transform the economy, and does the budget demonstrate that appetite? If we judge the budget entirely on the resource allocation and reallocation metric, the verdict is wobbly.
Dr. Matsheka’s speech was true to form in terms of following the template of government constructed budgets. It was also a gloriously painted picture of positive rhetoric dashed with a serious expression of concern for state-owned enterprises and their inefficiencies.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...