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In a statement, the Ministry of Finance said it expects that these engagements will birth innovative, robust, and inclusive approaches to bridging the existing fiscal gap while bolstering economic resilience.
“In the case of inflation, it was high because it crossed 50%, for the first time in many years (two or three decades) …such highs were reached because of the central bank deficit financing. The fact that the Central Bank has moved towards zero financing of the budget obviously will bring some discipline to fiscal, which was being financed, therefore should expect some definite improvement”.
“We need an economic policy that will help address the challenges of the business community because we face a big challenge. Government need to find innovative ways to propel economic growth.”