Zimbabwe’s 2018 budget lacks depth says chartered development financial analyst


In the final analysis, the budget allowed Zimbabweans to heave some sigh of relief since, on the surface, it purports to address the issues contributory to the prevailing crisis. It enables a meeting of the minds between the governors and the governed on the fundamentals towards economic recovery: this was almost absent in the previous budgets but should not be viewed as the get-out-of-jail card.

When analysed in isolation most policy measures are progressive but, when analysed in totality and juxtaposition, this budget may be just a false start to recovery, and lacks the required depth and congruency to putting Zimbabwe on the pathway to competitive development.

The vision that the budget espouses is nostalgic, it desires to bring back the old days of Zimbabwe; the budget should have defined the futuristic trajectory of where Zimbabwe should be in the Information Age!

If the fundamentals of economics are adhered to, it will be a boon, if not, it will be a bane and Zimbabwe will lose, slowly or spectacularly. Our modern history dating back almost three decades has already taught us!

By Angels Sibindi for The Source


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The Insider

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.


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