Something good can come out from present crisis, says expert

 

Every crisis presents an opportunity for the country to move from one level to the other, says economist Noel Nkhoma.

Mr Nkhoma said it all depended on how the country was able to deal with the situation at hand

Speaking in an interview, Mr Nkhoma said Zambia had been through a similar economic crisis before and this time it should be treated as an opportunity to take the country to another level. Mr Nkhoma said other countries who had faced similar crisis before had taken advantage of it and used the situation to better themselves and improved their economies.

“Every crisis presents an opportunity for the country to move from one level to the other and it depends on how that country is able to deal with the situation at hand.

“Others have taken advantage of it and used it to better themselves but we seem to always take a position of letting things sort themselves out,’’ he said.

He said lack of political was still an issue in Zambia as it had failed to take advantage of the crisis because leaders ended up making pronouncements without taking responsibility and action.

“Leaders end up making pronouncements but they must also take up responsibility and swing into action,” he said.

Meanwhile, Mr Nkhoma said the 2016 national budget missed an opportunity to deal with hard issues.

He said Finance minister Mr Alexander Chikwanda missed an opportunity to tackle hard issues affecting the economy with zeal.

“For me I think what should have happened is that the budget should have addressed hard issues such as how Government will cut expenditure and manage fiscal deficit; issues of infrastructure development and serious interventions into the challenges,” he said.

 

 

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