State sets economic targets

Government complex.

GOVERNMENT wants an average annual gross domestic product (GDP) growth rate of at least four percent with the austerity measures in place, acting Secretary to the Treasury Dick Sichembe has said.
“In view of the austerity measures and in an effort to maintain a stable and resilient economy, Government’s macroeconomic objectives in the medium term include attaining an average annual GDP growth rate of at least 4 percent, sustain inflation within the range of 6 to 8 percent, and raise international reserves to at least four months of import cover by 2021,” Dr Sichembe said.
He made the remarks after issuing the 2019-2021 Medium Term Expenditure Framework [MTEF], otherwise known as the Green Paper.

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