Upward income distribution in favour of a few, limits the demand for mass goods and services, says deputy finance minister David Masondo.
Speaking in the State of the Nation debate in parliament this week, Masondo said that the government needs to do more to promote growth and redistribution of wealth as a united concept, and not as two separate metrics.
Masondo added that inclusive economic growth can only be realised if both growth and redistribution take place simultaneously, not sequentially. In a few years to come, a “world-class” freight logistics system would have been established. This will mean more jobs in export industries, lower costs for all of the goods that we buy, and less congestion on our highways.
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