Dear Editor,
GREETINGS fellow citizens. If our economy that we’ve wished so much to grow is to actually reach the potential we see it reaching, it will definitely need a lot of work and concentration of which some are;
1: Increased government spending; this sounds out of track because what we are trying to do is keep money in and not out but what this really means is that if the government can concentrate and focus it’s expenditure on infrastructure, salaries as well as on those things promising an enormous outcome.
Like one great business entrepreneur said “great sowing amounts to great reaping.” If the nation doesn’t invest it will keep borrowing money until there’s no more to be done which will lead to unwanted decisions.
2: Reducing tax; Zambia has great people with great visions in order that they can boost the economy in one way or another but you’ll find that most people are not making decisions to move the country forward by building business and many more simply because of paying huge amounts of taxes.
3: Lower interest rates; when for example government reduces interest rates on bank transactions, people will be encouraged to get loans to do and venture in things that will boost their businesses as well as income and hence amounting to boost the economy.
4: Supply of loanable funds; availability of funds making it easier for those getting loans ensuring they can at any time as they’re ready for economic activities to be boosted which in turn improves the economy.
The goal of expansionary fiscal policy is to reduce unemployment levels and increasing rates of economic growth keeping prices and wages stable
It’s definitely not easy but it’s surely attainable. We believe under Sean Tembo’s administration, most if not all of these things we desire for our nation will be attained without compromise.
He is a valuable and goal-oriented man who will provide solutions on various issues that are to be done in the nation.
MUBANGA STEPHEN,
Kapiri Mposhi Youth Chairman,
Patriots for Economic Progress.
Author
