FOREIGN ECONOMIC RECOVERY STRATEGIES TOO RISKY- SIABUTUBA
Written by newsroom on September 22, 2020
A Development and Financial Analyst, Partner Siabutuba has disclosed that there is very little information from past experiences regarding decision making for the country by the Government.
This follows Chief Government Spokesperson Dora Siliya’s announcement yesterday, on Cabinet’s approval of the 2021 National Budget due for presentation to the National Assembly by Minister of Finance, Dr Bwalya Ng’andu on Friday, 25th September 2020.
Ms Siliya also revealed that Cabinet has approved the Economic Recovery Programme (ERP) which is the successor programme of the Economic Stabilisation and Growth Programme (ESGP) that was implemented over a period of three years from 2017 to 2019.
And Mr Siabutuba says the ESGP has not indicated what challenges and failures have been experienced and achievements through the programme.
Mr Siabutuba points out that the approval of the Economic Recovery Programme has been motivated by the global cry for economies to recover from the impact of COVID-19.
He tells Flava FM News that there was need to understand what the challenges were in the Economic Stabilisation and Growth Programme before moving to the next stage as it will leave the country in the same state it is in with no hope of progress.
Mr Siabutuba adds it is risky and dangerous for the economy to copy economic recovery strategies from other countries as COVID-19 is still evolving.