MINISTER of Finance Felix Mutati says Government will ensure the Kwacha remains stable against major convertible currencies to reduce unpredictability in the prices of imported goods and services.
Mr Mutati said in an interview that Government will build on the economic gains through continued implementation of viable policies and programmes in various sectors of the country’s economy.
He said Government will ensure Zambians benefit from economic gains through equitable distribution of resources and development.
“Our economy will remain stable and we will ensure Zambians benefit from this positive economic growth. Our overall macroeconomic objective is to stabilise and grow the economy,” Mr Mutati said.
He said the fiscal policies that Government has continued implementing under its robust economic stabilisation and growth programme have started yielding results.
Mr Mutati said Zambia’s economy is headed for remarkable growth owing to increased copper prices, continued growth of the agriculture sector and improved supply of electricity to productive sectors.
Mr Mutati said Government remains committed to making economic growth beneficial to the citizens by providing a sound framework for investment in the medium term in order to accelerate socio-economic development.
He said Government is also committed to providing a comprehensive medium-term strategy for an all-inclusive and sustainable development agenda.
Mr Mutati said agriculture, mining and manufacturing will continue being Government’s main growth sectors with the construction sector also poised to make significant contribution to the country’s economy.
Zambia’s growth trajectory has rebounded with the gross domestic product poised to increase in 2017 to 4.3 percent from the initial projection of 3.9 percent.