gabriel chaibva.jpgSome political analysts have slammed the Mid-term Fiscal Policy Review Statement presented by Finance Minister, Tendai Biti last week saying it does not promote the growth of the agricultural sector which feeds Zimbabwe’s agro-based industry.

The analysts are also not happy with the re-introduction of tax and duty on some basic food commodities saying the industrial sector is still producing way below full capacity utilisation and the local products are not meeting the high local demand.

The re-introduction of duty and taxes on some food imports by the Finance Minister has seen some retailers suddenly pushing up the prices of basic commodities, thereby eroding the small pay rise for civil servants which were effected last month.

Political Commentator, Mr. Gabriel Chaibva, says lack of incentives for local food production through incapacitation of agriculture and reintroduction of taxes on food imports is well calculated to cause disgruntlement among the people.

Another analyst, Goodson Nguni said Minister Biti should have prioritised re-capacitating local industry.

In his mid- term fiscal review, Minister Biti removed duty on processed food items in what he said were efforts to protect local industry. However, with local industry still below 50% capacity utilisation, the move is likely to achieve the opposite as it might result in food shortages.

 

Once there are shortages, local prices will rise pushing people into more suffering.

 

Suffering creates hostility between government and people and falls in line with western countries’ regime change agenda.