A New Day Dawns
Zimbabwe is caught up in election fever, especially the national leadership. However, it's not the outcome of these elections that concerns me - it's what will happen after the elections. The Party Manifestoes give very little indication of what will happen - they are full of promises that can never be met and talk of policies that are either impracticable or unaffordable. Very little of any real substance and you can see that in the national discourse that is taking place - no ideas are really catching the imagination.
But let me tell you, Zimbabwe is a very sick country and fixing our most fundamental problems is going to be painful and is going to take some courage and commitment. To get us back on our feet and onto the regional and international playing field is not going to be easy or quick. So here is my check list for what it is worth:
Our real GDP is probably above $50 billion, but we only tax the formal sector - less than $20 billion and collect about $4 billion in revenues. But our population is probably 13 million and we spend $6,5 billion on trying (unsuccessfully) to maintain social services. That means our fiscal deficit is $2,5 billion or 63 per cent of revenue, 38 per cent of expenditure and 13 per cent of GDP. It is a runaway train and will derail if it is not brought under control. Massive inflation is just around the corner.
Our spend on education is about 23 per cent of the national budget but it's only $20 a month for primary school students, $50 per month for secondary school students and $150 a month for all students in tertiary institutions of learning. My guess is that those numbers are about one third of what we need to spend to deliver anything like a decent education to the over 5 million young Zimbabweans who are growing up in this country. So the reality is that Zimbabwe may be close to giving all its children an education of sorts, but the great majority come out of school without the ability to compete.
The Health budget in Zimbabwe has long been an area of concern. Most international agencies say we should be spending 15 per cent of the budget, our spend is 8 per cent or less. Medical services are essential in a modern economy that seeks to compete internationally - we are behind even countries like Malawi and India. The $1,4 billion spent by the Medical Aid Societies are a major contributor, but for the great majority, our clinics and hospitals are merely bus stops on the way to the cemetery.