Chamisa's Proposed Measures To Stabilise The Economy

Nelson Chamisa who leads the opposition Citizens Coalition for Change (CCC) has proposed a number of measures which he said could stabilise the economy. The measures were issued in response to the 2022 Mid-term Budget Review that was recently announced by Finance Minister Mthuli Ncube which he said failed to address pertinent issues. Pindula News presents an excerpt from Chamisa’s Twitter thread:

The following must be done immediately:

a) Dollarisation which will immediately eliminate distortions, forward pricing and multiple pricing;

b) Restoration of the US$540 as a starting salary;

c) Holistic tax reform. Reduce the tax burden on citizens and the business in general. As part of the tax reforms, we will remove the 2% tax and streamline taxes; d)Remove distortions esp in the agricultural sector and construction sectors which has created a casino economy

e) The elimination of the Currency Auction and reforming the RBZ through limiting the power of the central bank. Separating the roles of central banking and financial services supervision.

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f) Reforming the budgetary process, so that the budget comes from parliament and not from ministry of Finance. The budget must come from the Citizens -a Citizens-centered budget.

g) Radically dealing with the corruption pandemic and instituting special mechanisms to eliminate and punish the corrupt.

h) Holding credible, free and fair elections preceded by a comprehensive pact on electoral reforms.

i) Only a leadership change will rescue our beautiful country and in no time turn and transform this Zimbabwe from ruins to greatness. We are new leaders. #RegisterToVoteZW

Pindula News