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*2019 Budget Should Not Commit To Unsustainable Subsidies: Harare Economist* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?qc The Minister of Finance and Economic Development Mthuli Ncube is set to present the National Budget tomorrow. Economists have identified areas which Ncube has to prioritise in the budget. Harare-based economist Brains Muchemwa spoke to the Herald yesterday. He said > The most important thing is to ensure that the Government does not commit to providing subsidies that it cannot finance in a sustainable manner; in a manner that does not bring or compromise its fiscal sovereignty. > The second thing is to ensure that we should have a very clear roadmap towards a market-based exchange rate so that at least we eliminate the distortions that are growing in the economy on account of a fixed exchange rate; roadmap that will restore confidence while at the same time not compromising the social security of the public; it’s a difficult balancing act, but we need a commitment towards a market-based exchange rate. > The Government has to come up with very clear and specific targets-the minister has been very eloquent with regards to revenue side, we are raising taxes, going for people who are not paying taxes and we have put a new law-but there has not been clarity on the exact the benchmarks of what Government is targeting on the expenditure side to ensure that we at least manage our budget deficit. *Related:* *Mthuli Ncube Speaks On What To Expect In 2019 Budget* *2019 Budget Presentation On November 22: Mthuli Ncube* *More: Herald* itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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