It is early days yet to find out if this new government will take the private sector rhetoric beyond mere platitudes and move into meaningful action. Many Ministers fail to embrace the private sector, only to return to a vacuous sector when they leave office. I consider it obligatory to make reference to the “long bench”, if only because I do not want our new Ministers to repeat the mistakes of the past.
Every government professes to support the private sector, referring to it as the “engine of growth” but normally fails to put oil in the engine. The new Finance Minister in his recent budget speech continued the refrain……. “Mr. Speaker, Honourable Members, Government recognizes the important role of the private sector in promoting sustainable growth and job creation. Government will therefore sustain efforts aimed at providing a conducive environment for the private sector to thrive. In this regard, Government is working with development partners to design and implement reforms to stabilize the economy, improve the business regulatory environment, enhance access to
finance and provide basic infrastructure to improve the ease of doing business.”
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