biti presenting budget ed.jpgConsultations for the 2011 mid-term fiscal policy have started as the business community seeks to assist Government with policies to consolidate macro- economic gains.

Following the failure by the Ministry of Finance in achieving set macro- economic targets in the first quarter of this year, stakeholders are in discussions regarding workable policies to ensure that overall economic targets for 2011 are achieved.

The Confederation of Zimbabwe Industries (CZI) Chief Economist, Mrs Lorraine Chikanya confirmed that the business community is in talks with key government ministries on proposed policies aimed at ensuring sustaining of industrial viability, stable inflation rates, increasing revenues, providing incentives for industry and boosting disposable incomes.

“We are doing everything possible to ensure that the mid -term fiscal policy becomes a success in the economy,” said Mrs Chikanya.

Proposals for the 2011 mid-term fiscal consultations are expected to be submitted to the Ministry of Finance by end of this month, paving way for the government to consider policies towards facilitating economic growth.

Government has this year set economic targets aimed at ensuring that the economy continues to register positive growth rates from the 5,3% in 2009 to 9,1% by end of this year.