1 There are 7 critical issues affecting the Zim economy 1) distorted monetary policy 2) deficit financing3) over taxation 4)zero productivity 5) hyperinflation. 6) social services collapse 7) unemployment 8) corruption. Today s budget will be tested on ability to address these
2 It is clear that there is no courage nor desire to address above key structural issues . It is not possible to have reform without reformers. It is beyond the regime to address corruption, including command Agriculture .Reform has been subordinated to vested interests& capture
3) Budgeting in hyperinflation reality is waste of time . A ZWL$30 billion budget is a mere US$1.5 billion & is a massive contraction.Economy is in a deep recession with 2020 growth around -12% . Exercises in self deception must be abandoned. Political crises needs resolution
