Hichilema stutters on the economy

From Zambian Economist Thu Nov 13 2014, 19:53:00

Hakainde Hichilema  (UPND) has kicked off the bid for your presidential vote with an interesting press release.  Here are the key quotes relating to the economy :

"It is time to strengthen our economy to allow for job creation, stable prices and wealth redistribution. We can only do this through prudent economic management. We need a strong and stable economy to support our middle class and SMEs which are basically struggling for survival. The middle class and SMEs are key to economic growth. We must support our economic development with a strong agriculture sector, free appropriate and good quality education, and quality healthcare" "We must continue with the infrastructure development but at an accelerated pace. Infrastructure is the conduit for economic development. I have always maintained that where a good road goes, development goes. Nonetheless, infrastructure development must be done in such a manner that it does not hurt economic fundamentals. We must increase our revenue collection capacity to fund our infrastructure as opposed to borrowing expensive money. And in some cases we must partner with the private sector (Private Public Partnerships) so as to reduce pressure on the public purse" (Source: UPND)

From the above we can summarise that HH is promising free and good quality education and health care. He also broadly plans to continue Sata's infrastructure delivery. HH plans to deliver this via increasing "revenue collection capacity" rather than "borrowing expensively". This could either mean more taxes on ordinary Zambians or mantaining the new mining fiscal regime which is facing a serious backlash.

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