Loading...
See More

Biti: Zim economic outlook bleak

Nov 15 2012 16:23 Malcom Sharara, Fin24’s correspondent in Zimbabwe

Related Articles

IMF eases restrictions on Zim

Zim slashes growth forecast to 4.3%

Tongaat boosts Zim local farmers

Zim rejects bids for treasury bills

Minerals generate $1.36bn for Zim

Zim gets cover against political violence

 
Harare - Zimbabwe’s minister of finance Tendai Biti has set the country’s 2013 budget at $3.8bn, up from the revised $3.5bn in 2012. Of the amount, $2.6bn will go towards civil servants’ wages.
 
Presenting his 2013 budget on Thursday afternoon, Biti said 2013 looks bleak as the country battles with global recession, financial instability and a poor business climate.
 
Biti said the 2013 budget is demand driven, with people calling on government to address issues with regards to the country’s political and economic environment.
 
He also revised 2012 gross domestic product (GDP) growth rates further downwards to 4.4%, from his earlier revision to 5.6% from 9.4%. In 2013 GDP is expected to grow by 5%.

 - Fin24
tendai biti  |  zimbabwe  |  africa economy
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
7 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

Africa: Land of Billionaires!

Find out who are the richest of the richest in Africa!

 
 

Men24.com

Best bro movies 2014
Every man should be able to do these three things
Goalkeeper saves five penalties with his FACE!
Hottie of the day: Jesselyn

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...