Haabazoka Gives UPND 8.9 out of 10 Points

By Mark Ziligone

Economist LUBINDA HAABAZOKA has rated the UPND administration 8.9 out of 10 for its efforts towards stabilizing the country's public finances.

Dr. HAABAZOKA says this is despite the UPND government inheriting an economy which was in distress and having defaulted on its debt in 2020.

He told ZNBC News that restoring fiscal credibility was a critical first step for any administration taking office under such conditions.

Dr. HAABAZOKA said the UPND administration deserves to be commended for sustaining public finances because Job creation and economic expansion would naturally be difficult in an environment with high debt and post-COVID-19 shocks.

He explains that although citizens are currently experiencing reduced liquidity, the development is part of the adjustment period.

Dr. HAABAZOKA said once this phase passes, and with growth projections of over 6 percent, the economy is expected to expand and more liquidity should return.

This article originally appeared on ZNBC