Home LOCAL NEWS Mthuli Ncube: Economic Prosperity For Zim by 2023

Mthuli Ncube: Economic Prosperity For Zim by 2023

Mthuli Ncube: Economic Prosperity For Zim by 2023

Finance Minister Mthuli Ncube has predicted “economic prosperity for Zimbabwe by 2023.”

Ncube has conceded that the nation is currently grappling with temporary economic challenges.

” We need to go through some period of austerity, but the same builds us towards prosperity and I tell you that next year you will hear me using the word austerity less and less because we will start entering prosperity,” claimed Ncube.

“I think I will limit austerity just to one year and then we move to prosperity towards 2023. But quite clearly, you can’t do austerity for three years; it’s a bad idea. One year, get it right and move on.

The government is solvent. We are running surpluses and we have been doing an average surplus of a $100 million a month since September last year.

This year alone, in January, we had a surplus of $102 million. In February we had a surplus of $85,5 million (and) in March our surplus would be double that.

It will be just above $200 million. The money supply is not growing. So where is the pressure on the exchange rate coming from?”

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