A Lusaka based Financial Analyst says fiscal discipline remains a key tool to sustainable economic development.
Mambo Hamaundu is also urging the government to stick to 2019 fiscal plans in order to resuscitate the country’s economy.
Speaking in an interview with Money FM News, Mambo Hamaundu says if government sticks to the 2019 fiscal plan, the country’s economy will be able to improve its performance.
Mr. Hamaundu says that lack of implementation of the laid down fiscal plans has been the greatest weakness for the government, resulting in poor economic performance.
He says 2018 has not been a good year economically due to government’s failure to stick to the fiscal plans of the year.
Mr. Hamaundu has citied failure by the ministry of finance to provide adequate funds for the government ministries allocated to them under the 2018 national budget.
He adds that the government has not created employment opportunities, allowing the levels of unemployment to be relatively high.
Mr Hamaundu has further analyzed that the government failed to achieve the micro economics objectives targets except for the inflation rate, adding that the Gross Domestic Product (GDP) is below the set target.
He further says the foreign exchange has been volatile a situation he says is not good for doing business in a country.

________________________________________________________________________________________________

MONEY FM IS ZAMBIA’S FIRST AND ONLY BUSINESS & PERSONAL FINANCE RADIO STATION. WE FOCUS ON BUSINESS AND MONEY-RELATED TOPICS, AS WELL AS GENERAL NEWS AND DISCUSSION OF WIDER SOCIAL TOPICS SUCH AS HEALTH, EDUCATION, FOOD, MUSIC, FITNESS AND MORE.

________________________________________________________________________________________________