{"id":31066,"date":"2020-12-09T20:55:28","date_gmt":"2020-12-09T18:55:28","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=31066"},"modified":"2020-12-09T20:55:28","modified_gmt":"2020-12-09T18:55:28","slug":"zctu-backs-mthuli-ncubes-national-development-strategy","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/zctu-backs-mthuli-ncubes-national-development-strategy","title":{"rendered":"ZCTU backs Mthuli Ncube\u2019s National Development Strategy"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.com\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.com\/zimbabwe\">Zimbabwe<\/a>. <\/strong><\/span><b>By Alois Vinga<\/b> &#8211; THE Zimbabwe Congress of Trade Unions (ZCTU) has backed Finance Minister Mthuli Ncube for coming up with his National Development Strategy 1 (NDS1) which sets out clear job creation and economic growth targets while raising critical areas that need attention.<\/p>\n<p>Launched last month, NDS1 is expected to run between 2021 and 2025 with a thrust to aligning the national economy on a growth trajectory.<\/p>\n<p>It succeeds the Transitional Stabilisation Programme which was set to run from 2018 to 2020.<\/p>\n<p>In a rare development, the labour organ has backed the strategy despite decades of disagreement with the government over a number of national policies.<\/p>\n<p>The ZCTU communique on the 2021 National Budget and NDS1 acknowledges the positives embedded in the policies.<\/p>\n<p>\u201cThe NDS1 and the 2021 National Budget have clear employment creation and poverty reduction targets.<\/p>\n<p>\u201cThe NDS1 also has a clear results framework and implementation matrix for better execution and accountability. This is a commendable move and a clear departure from the past,\u201d reads the communique.<\/p>\n<p>The labour organ acknowledges that the government has come up with a number of positive measures to enhance local capacity of the economy and to incentivise youth employment.<\/p>\n<p>However, ZCTU raised concerns that the Pay as You Earn tax free threshold which was reviewed from $5 000 to $10 000 per month should have been reviewed in line with the Poverty Datum Line (PDL) which is pegged at $17,965.87 as at September 2020.<\/p>\n<p>Concerns over the annual inflation rate of 471.25% in October 2020 and its impact on incomes were also raised.<\/p>\n<p>\u201cThe country continues to face challenges related to the high levels of poverty especially among the working class, food insecurity, informality and public indebtedness; the limited fiscal space; inadequate social protection coverage and weak institutions among other shortcomings,\u201d said the labour group.<\/p>\n<p>While acknowledging the country has recorded nominal budget and current account surpluses, ZCTU however said the surpluses have not translated into an improvement in the well-being of the working class and the ordinary citizens as confirmed by the World Bank which estimates that the incidence of extreme poverty increased from 29% in 2018 to 34% in 2019 and about 40% in 2020.<\/p>\n<p>\u201cThe huge external burden remains a huge barrier to international re engagement and it is expected to increase on account of the possible financing of the Global Compensation Deed through borrowings,\u201d added ZCTU.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. By Alois Vinga &#8211; THE Zimbabwe Congress of Trade Unions (ZCTU) has backed Finance Minister Mthuli Ncube for coming up with his National Development Strategy 1 (NDS1) which sets out clear job creation and economic growth targets while raising critical areas that need attention. Launched last month, NDS1 is expected to run [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":31065,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,35,12,15],"tags":[1493,19],"class_list":{"0":"post-31066","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-homepage-english","9":"category-policy","10":"category-twitter","11":"tag-africa-press","12":"tag-zimbabwe"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ZCTU backs Mthuli Ncube\u2019s National Development Strategy - zimbabwe<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zctu-backs-mthuli-ncubes-national-development-strategy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ZCTU backs Mthuli Ncube\u2019s National Development Strategy\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Zimbabwe. By Alois Vinga &#8211; THE Zimbabwe Congress of Trade Unions (ZCTU) has backed Finance Minister Mthuli Ncube for coming up with his National Development Strategy 1 (NDS1) which sets out clear job creation and economic growth targets while raising critical areas that need attention. 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