Harare – In line with President Emmerson Mnangagwa vision of attaining a prosperous and empowered upper middle income society by 2030, Finance Minister Mthuli Ncube launched the Transitional Stabilisation Programme (TSB) which he says is an implementation program for vision 2030.
Briefing journalists on the development in the capital on Friday, Ncube said the aspirations of the Vision 2030 will be realised through five strategic clusters namely Governance, macro-economic stability and re-engagement, inclusive growth, infrastructure and utilities and social development.
He said the realisation of Vision 2030 will be through the implementation of two strategic programmes supported by appropriate annual National Budgets.
“A two and a quarter year TSB to run from October 2018 to December 2020. Two five year development strategies with the first one running from 2021-2025, and the second covering 2026-2030.”
He said the TSB will focus on stabilising the macro-economy and the financial sector, introducing necessary policy and institutional reforms, to transform to a private sector led economy, addressing infrastructure gaps and launching quick-wins to stimulate growth.
“TSB will prioritise quick-wins and provide the necessary prelude to the two five year development strategies that will run from 2021 to 2030.
“TSB acknowledges policy reform initiatives of the new dispensation to stimulate domestic production, exporting, rebuilding and transforming the economy to an upper middle income status by 2030.
“The realisation of TSB short term quick wins will be underpinned by adoption of and strict adherence to macro-economic stabilisation policies that require painful trade-off and sacrifice.
The treasury boss said this is necessary to address fundamental challenges besetting the country over the immediate term, targeted over October 2018 to December 2020.
“Already signs of green shoots are emerging, in response to the goodwill arising from political, governance and economic reforms introduced by the new dispensation.”
He said the TSB recognises the role of domestic resource mobilisation in financing the transformation of the Zimbabwean economy towards upper middle-income status by 2030.
Among other reforms that the newly minted finance minister said he will be implementing include fiscal revenues, facilitative taxation, plugging revenue, and competitiveness of exporters, monetary policy reforms, reform of the public service and public enterprises and local authorities’ service delivery among others.
- Equity Axis News
