Zambia to rebase economy

Zambia to rebase economy

Minister of Finance Margaret Mwanakatwe says Government has set aside funds aimed at rebasing the size of the economy in 2019. This simply means inflating the size of the country gross domestic product.

“We need a clear picture on the size of the Zambian economy due to its changed structure from 2010 to date,” Finance Minister Margaret Mwanakatwe said in a statement.

“Therefore, we have set aside funds in the 2019 budget for rebasing the Gross Domestic Product (GDP) in order to better measure our economy,” the statement said.

No further details about the rebasing exercise were provided.

In neighbouring Zimbabwe, the statistics agency rebased some of its economic statistics earlier in October in an unexpected move that the government said increased the nominal size of its struggling economy by more than 40 per cent.

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COMMENTS

WORDPRESS: 12
  • comment-avatar
    BLOW JOB 2 weeks ago

    ough ahh ough whoop ahh don’t reach the throat ouch ahhhh

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    we see in the country of our friends Tanzania wen their currency drops their also drop their commodities,wen it rise their also rise.But as in zambia you are saying kwacha against dollar as risen but things could not move,this tells as to say we know nothing abut economics

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    Amos Chanda Youth Issue Prompt Reply 3 weeks ago

    Let’s see.

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    Njangwamuloty 3 weeks ago

    Regardless of whatever monkey tricks you alcoholic can conjure to stir up the nominal size of your struggling economy, you are still wallowing in Shi.t! F**k you!

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    The objective  here is to window dress. They resbased the Kwacha because  they wanted the gullible people of Zambia to see that inflation was lower that it actually is. They now want to overstate the GDP so that the debt as percent of GDP would seem lower that it actually is now. PF is a crooked machinery always devising ways to crook the gullible people of Zambia. The problem in Zambia is very simple. Cut the massive wasteful spending and stop the misappropriation of public funds, period.

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    MAHULE 3 weeks ago

    now our worry is you rebased the kwacha by removing three zeros now if you rebase the economy men will remove three concubines meaning no business for us its not fair ba Maggie rescind your decision

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    Several years ago, the Kwacha was rebased by knocking out the zeros from any denomination. Is it the same format to use? If we follow the Nigerian case, a huge exercise was undertaken to mop up the entire economy so that sectors that in the past had not been included in the calculation of GDP were captured. This included such sectors as creative arts as well as the vibrant cinema and movie industries of that country. That is how Nigeria, after mopping up the entire economy, surpassed South Africa at the helm of the African economy. Are we looking at the same in Zambia, or is it that simple thing of knocking off the zeros?

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    EDDIE SEX 3 weeks ago

    ahhh ouch its painful aouch ahhhh im cuuming ahhhh its sweet ahhhh

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    WANGLING 3 weeks ago

    I WOUULDN’T MIND TO BE YOUR SMALL DUDE.

  • comment-avatar
    WANGLING 3 weeks ago

    YOUR EYES AND LIPS ARE MAKING ME FEEL DEJAVU

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