Zimbabwe finance minister sees fiscal order taming inflation, budget gap | Fin24
In partnership with
  • Ferial Haffajee

    Why should SAA employees pay for the sins of Dudu Myeni and Jacob Zuma?

  • The Namibian Link

    Evidence is mounting that VBS Mutual Bank aided another elaborate bank heist.

  • Mobile Merger?

    Telkom has confirmed it is in talks to buy network operator Cell C.


Zimbabwe finance minister sees fiscal order taming inflation, budget gap

Jan 22 2019 10:31
Haslinda Amin, Bloomberg

Zimbabwe’s government will ensure fiscal discipline to rein in inflation accelerating at the fastest pace in a decade and a yawning budget deficit, Finance Minister Mthuli Ncube said.

Both the inflation rate and the budget shortfall as a percentage of gross domestic product are expected to fall below 10% this year, Ncube said in an interview Tuesday at the World Economic Forum in Davos.

Zimbabwe is in the midst of its worst economic crisis since a hyper-inflationary spiral a decade ago as it faces shortages of food, fuel and foreign currency.

Disgruntlement with falling living standards spilled onto the streets of Harare, the capital, and other towns last week with thousands of people heeding a call by the country’s largest labor group to strike against massive fuel-price increases.

wef 2019  |  davos  |  zimbabwe  |  world economic forum


Company Snapshot

Money Clinic

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

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote