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Govt reaffirms commitment to Zambia’s key economic sectors |
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Thursday, 29 July 2010 |
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Lusaka--- – Government has re-affirmed its commitment to strengthening key sectors of the economy with the aim of reducing poverty.
Finance and National Planning Deputy Minister Chileshe Kapwepwe told Parliament today that Government so far was happy with yields from agriculture and mining sectors.
Ms. Kapwepwe said the economy had consistently grown by a minimal percentage in the last four years because of Government’s quick intervention.
She said Government was equally happy that a bumper harvest had been recorded this year adding that construction and service sectors were top on the country’s diversification agenda.
The Deputy Minister was responding to a question by Lukulu East MP Imasiku Imenda who wanted to find out what contribution the Gross Domestic Product growth rates of 5.3% in 2007, 6.1% in 2008 and 4.3% in 2009 made towards poverty reduction in the country.
She disclosed that the mining sector grew by 46.9 percent in 2008 while the construction sector stood at 21.4 percent in the same year.
Ms. Kapwepwe said Government in the recent year constructed more schools and health centres as well as other social welfare programmes to achieve a robust economy.
She cited China as a good example that Zambia could draw lessons from, whose economy grew consistently over a long period of time because of that Government’s commitment to putting in place good fiscal macro-economic policies in key sectors which she said were now benefiting the people in that country.
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Business 
