The 2018 budget presented by the Minister of Finance and Economic Planning Cde Emmerson Mnangagwa has been described by economic experts as a paradigm policy shift which will form a solid foundation that will stir local production, boost investor confidence, foreign currency generation and above all bring an end to liquidity and economic challenges the country is going through.
The 2018 budget presentation has set the stage for an economic jump start with proposed amendment of the indigenisation act by the Finance Minister described as the game changer that will boost the much need investor confidence and stimulate economic growth.
The Reserve Bank of Zimbabwe governor Dr John Mangudya said by clearing the air on the indigenisation act Minister Chinamasa has set the right tone for renewed local production and luring of direct investment which have been the missing link to economic stabilisation.
Cde Chinamasa should be applauded for biting the bullet by taking the much expected paradigm policy shift which is in sync with the new dispensation set by President Emmerson Mnangagwa in his inauguration speech noted an economic commentator Mr Fortune Chasi.
By cutting government huge expenditure through effecting the retirement policy and retrenchment of youths in excess of over 3000, the Finance Minister is spot on curbing unnecessary costs which have been bleeding the state coffers said an economic expert Takudzwa Chisango.
The budget was well received as demonstrated by the mood in the August House which saw parliamentarians from the political divide speaking the same body language in support of the candid policy shift taken by Cde Chinamasa to address and tackle economic challenges head on.