Dr. Mbita Chitala says Growing economy to double digit is positive

Filed under: Breaking News |

indexVeteran politician¬† Mbita Chitala has described as a positive indication Government’s intentions to grow Zambia’s economy from single to double digit.

Dr. Chitala says what is however important is to see the details of how exactly government intends to attain this growth.

He has told Qfm news that this is why he is keen about to see the contents of the Yellow Book on estimates of the 2015 national budget presented to Parliament last Friday.

And Dr. Chitala has also expressed happiness with government’s intentions to contain borrowing to 2 percent of the country’s GDP.

He notes Finance Minister Alexander Chikwanda has also responded to the country’s outstanding need by revealing plans to create a sovereign fund.

Dr. Chitala states that it would be hoped that government actually transforms the ZCCM Investments Holding Plc into sovereign fund.