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*Government To Drop Austerity Measures Next Year After The Economy Recovers* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?mr Finance Minister, Mthuli Ncube has announced that austerity measures the government introduced this year will be over by next year. He expects the economy to have started showing life by then. Ncube added that: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > We need to go through some period of austerity, but build towards prosperity and I tell you that next year you will hear me use the word austerity less and less because we will start entering prosperity. > I think I will limit austerity just to one year and then we move to prosperity towards 2023. But quite clearly, you can’t do austerity for three years; it’s a bad idea. One year, get it right and move on. > The government is solvent. We are running surpluses and we have been doing an average surplus of a $100 million a month since September last year. > This year alone, in January, we had a surplus of $102 million. In February we had a surplus of $85,5 million (and) in March our surplus would be double that. It will be just above $200 million. Money supply is not growing. So where is the pressure on the exchange rate coming from? Ncube asserts that the pressure emanates from speculation. *Related:* Austerity Measures Mostly Affecting The Have-Nots More: NewsDay Zimbabwe _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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