Biti: Zim economic outlook bleak

2012-11-15 16:23

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

  • denis.dendrinos - 2012-11-15 16:41

    Gasp! No! This cannot be?!! Zimbabwe, shinning jewel of an African country doing it their way, the shinning beacon of hope of prosperity which the ancyl tout as a revolutionary success story which flies the face of the evil white money capitalist monopoly blah blah zim diamonds......led by glorious brother leader Bob! omg, now I'm tired. How the hell do they spout this junk day in and day out?

  • steven.m.armour - 2012-11-15 17:17

    once upon a time in a fairyland zimbabwe,lived a big ogre Bob......His friend spouted a load of crap out his mouth to the people telling lies and fibs.And they all died of aids and tb and lived happily ever after.

  • - 2012-11-15 17:18

    I think the 'civil' servants are now 'evil' servants.

  • henk.tredoux.7 - 2012-11-15 17:55

    No no! Finally some moron has woken up!!!! So now what? Knock knock on the door of SA? Let me give you tip BITI if your fellow country men were happy and content in your backward country, they wouldn't be crossing the crocodile infested Limpopo! .....sorry can you read?

  • douglas.reid.921 - 2012-11-15 18:18

    Get the billions in diamonds taken by Bob and Zanufp and the economy will glowing.

      Klaus - 2012-11-15 18:46

      Those liberated farms, now "highly productive" not paying tax - bugger! Those stolen companies earning billions, not paying tax - bugger again ? Sorry mate, try a new style of government .

  • michael.comninos.1 - 2012-11-15 22:05

    At all the comments below - rather don't comment about something you all clearly know very little about. It is so easy (and somewhat juvenile) just to spout anti Bob rhetoric whenever there is an article about Zim (and believe me, I'm no supporter of Bob). Biti is actually a very capable, intelligent and hard working minister from the MDC who is trying his utmost under very trying circumstances to bring the Zim economy to life. He has on numerous occassions blocked Zanu-PF attempts to get their hands on the treasury, to the extent that he even had his house bombed by so called war veterans. So I think that credit is due to him for telling it like it is and doing what he can to revive Zim's economy

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