UPP plans to reduce public debt once in govt

The United Progressive Party (UPP) says the objective of its expansionary monetary and fiscal policy when in government will be to limit public debt to sustainable levels without increasing taxes on workers and businesses.

Saviour Chishimba

UPP President Savior Chishimba says the UPP government’s key parameters shall be to reduce the statutory reserve ratio to trigger low bank interest rates and cut down on domestic borrowing by the government.

Dr. Chishimba notes that his government will also lower the taxes and increase government spending in power and socio economic infrastructures as well as agriculture development.

He points out that all these measures will be aimed at stimulating demand for sustained growth and job creation.

Dr. Chishimba further states that the UPP government will strive to maintain single digit inflation.