SOUTHERN AFRICA Represented by Zambia Zimbabwe Malawi Namibia The major economic problems to be tackled 1.Low out put 2.Keeping inflation low 3.Fluctuation.

Slides:



Advertisements
Similar presentations
Economic Indicators.  Definition: (from the prefix macro which means “large” + economics)  the branch of economic study that deals with the performance,
Advertisements

PART TWO: BANKING, FINANCE AND INVESTMENTS UAE Monetary Policies and the Role of the Central Bank CH 5.
Measuring GDP and Economic Growth Chapter 1 Instructor: MELTEM INCE
Macroeconomics Unit 12 Deficits, Surpluses, Debt Top Five Concepts.
Fiscal Policy and Growth in Namibia. Organisation of the Presentation 1. Theories on Fiscal Policy and Growth - Define growth and competitiveness - Fiscal.
Some Key Terms Fiscal policy Stabilization policy Budget deficit
Macroeconomics: Study of the determinants of Output, Employment and the Price Level Put less formally, macroeconomics is about understanding the causes.
Demand-Side Policy: Greater Spending Means Higher Prices
Overview of US Economy September 4, GDP Increases 6 Times since 1950; Has Doubled in Your Lifetime.
Economics 3510 African Economic Development Spring 2009 Introduction Instructor: A. R. M. Ritter May 11, 2009.
Economics, Sixth Edition Boyes/Melvin
How we measure development WHAT FACTORS MIGHT WE CONSIDER WHEN COMPARING THE DEVELOPMENT OF COUNTRIES?
Aggregate Demand & Aggregate Supply Chapter 11. Introduction AD-AS model is a variable price model. Aggregate Expenditures in chapters nine & ten assumed.
GROUP I PRESENTATION Visit to Ministry of Finance and Zambia Revenue Authority.
Chapter 11 and 15.  The use of government taxes and spending to manipulate the economy. Chapter 11 2.
Explain why trade should reduce poverty Trade creates jobs for people working in export industries and supporting industries. There can be a knock on.
The Government in the Economy.  Fiscal Policy is…..  How the Government of the day spends its revenue?  What the Government of the day does with our.
Vertical money Gov’t forces us to pay taxes; we must accept money or go to jail Our economic production backs money supply.
Unit 2 Macroeconomics The ‘Big’ Picture. What is it? Macroeconomics considers the economy as a whole – this is the total amount of different goods and.
Economic Issues: An introduction
Economic Indicators Gross Domestic Product (GDP) Housing Starts Retail Sales Unemployment Rate Consumer Price Index (CPI) Interest Rate Trade Balance Exchange.
Economic Impact Assessment – AAD 2012 Dr Roelof Botha.
Should governments tax the rich to get out of debt?
PORTFOLIO COMMITTEE OF FINANCE March INTERNATIONAL ECONOMY.
Professor Nicholas Biekpe President: Africagrowth Research& Professor of Development Finance & Econometrics University of Stellenbosch.
Aim: What can the government do to bring stability to the economy?
Ivan Mikloš Deputy Prime Minister and Minister of Finance of the Slovak Republic Munich June 18, 2004 GROWTH FOR BETTER SOCIAL STANDARDS BETTER SOCIAL.
Inflation Lesson Two A Reflection – Inflation Lesson One Understand Savings and Investment, Interest Rates and Economic Activity, Fiscal Policy, and Net.
Growth, Poverty and the Productivity Puzzle Prof. Rafi Melnick Herzliya Conference January 2007.
Fiscal Policy The use of government spending and/or taxing to alter Aggregate Demand.
Dr Marek Porzycki Chair for Economic Policy.  Markets in which funds are chanelled from savers/investors (people who have available funds but no productive.
FDI, Export-led industrialization and the private market African Economic Development Renata Serra – March 1 st 2007.
PUBPOL 542: Indonesia Presentation Indonesia : Walking the Fiscal and Monetary Policy Tightrope Jonathan Haney, David Kase, Vishaal Rana Public.
FISCAL POLICY 11 C H A P T E R Fiscal Policy One major function of the government is to stabilize the economy (prevent unemployment or inflation). Stabilization.
© The McGraw-Hill Companies, 2005 Chapter 21 Fiscal policy and foreign trade David Begg, Stanley Fischer and Rudiger Dornbusch, Economics, 8th Edition,
Chapter Zero: Economics and Well-Being. 1. U.S. GDP per capita.
NIS Economics The role of Kazakhstan’s government in the macro-economy; other policies and their application.
Introduction to Macroeconomics “The study of of a national economy”
Development Economics Privatization Policy and Economic Development Privatization Policy and Economic Development.
Chapter 3 Key Terms. Gross Domestic Product (GDP) The total value of the goods and services produced in a country in a given year.
IGCSE®/O Level Economics
Circular Flow of Money. 1. Low and stable inflation in the general level of prices. 2. High and stable employment. 3. Economic growth in the national.
Circular Flow Model and Economic Activity
PORTFOLIO COMMITTEE ON FINANCE September INTERNATIONAL ECONOMY.
Introduction to the UK Economy. What are the key objectives of macroeconomic policy? Price Stability (CPI Inflation of 2%) Growth of Real GDP (National.
Consequences of Fiscal Policy. Fiscal Policy The use of government spending and revenue collection to influence the economy.
Ch 12 Economics Gross Domestic Product And Growth.
MARCH 20, 2015 BANK OF ZAMBIA GOVERNOR’S MEDIA BRIEF.
What is a budget surplus and a budget deficit? A budget surplus is when extra money is left over in a budget after expenses are paid. A budget deficit.
Fiscal Policy The use of government spending and/or taxing to alter Aggregate Demand.
Unit 2 Glossary. Macroeconomics The study of issues that effect economies as a whole.
Government and the UK Economy. Starter: Think of three words that you would use when talking about the UK economy – what do they mean? Hopefully by the.
1. What would you do with $5,000? Be specific. 2. What percentage of taxes should the government take? 3. Where is the safest place to keep your money?
Russia’s Economy. The Soviet Economy state ownership of almost all economic resources; collectivized agriculture; “command planning”: central planning.
OFFICE OF THE AUDITOR GENERAL OF ZAMBIA Presentation made to the 9 th Meeting of INTOSAI Working Group on Key National Indicator.
T OPIC 5 INFLATION AND UNEMPLOYMENT ( BY NAZNI B NOORDIN, FSPPP UITM KEDAH )
Fiscal Policy Chapter 12. Expansion and Contraction with Fiscal Policy Expansionary Policy (Stimulus) – Increase Government Purchases – Increase Transfer.
Macroeconomic Policy Instruments Tools to achieve macroeconomic objectives.
Fiscal Policy, Deficits, and Debt
Fiscal Policy, Deficits, and Debt
Basic Finance The Federal Reserve
Dr Marek Porzycki Chair for Economic Policy
Introduction to the UK Economy
Fiscal Policy, Deficits, and Debt
Fiscal Policy: Spending & Taxing
P.G DEPARTMENT OF PUBLIC ADMINISTRATION P.G. GOVT. COLLEGE FOR GIRLS
Fiscal Policy, Deficits, and Debt
Fiscal Policy: Spending & Taxing
The Circular Flow of Income
June 2002 NATIONAL ECONOMY Part 1
Presentation transcript:

SOUTHERN AFRICA Represented by Zambia Zimbabwe Malawi Namibia The major economic problems to be tackled 1.Low out put 2.Keeping inflation low 3.Fluctuation of the currency 4.Rising unemployment 5.Under employment and low productivity

6. Higher taxation 7. Rising corruption for higher ranking officials 8. Poverty is high 9. HIV&AIDS and malaria 10. Education standards very low 11. Growing foreign debt

Key Objectives to be achieved: 1. Creation of employment 2. Increase in national output (GDP) 3. Low tax – Pay as you earn 4. Eradication of HIV/Aids 5. Stop corruption 6. Improved education standards 7. Stop foreign debt

How to achieve our objectives 1. Government to increase expenditure on new projects which will lead to creation of employment 2. Investment in new technology 3. Raising the tax threshold and introduction of other tax systems to cover the informal sector

4. Government should find more people or companies to pay tax so that it has more revenue to pay medical staff and to build more hospitals, educational standards and also reduce foreign debt. 5. The improvement and tightening control mechanism in the system of taxation of companies, such system to be transparent and easy to use in the revenue collection e.g “final deduction system.”