Mthuli To Present A $28.5 Billion Budget

The Finance Minister is set to present a $28.5 Billion budget on Thursday, the Chronicle reports. According to the publication, the budget to be presented by Mthuli Ncube might be reviewed upwards due to inflation:

The 2020 Budget is expected to be about $28,5 billion, which could be revised upwards by a factor of above 30 percent in view of inflation.

This requires Prof Ncube to make a serious balancing act to cater for the expectations of the nation.

Both President Mnangagwa and Prof Ncube have hinted that Zimbabwe was now moving out of austerity, and galloping towards economic growth driven by increased production and the Budget is expected to announce several measures that promote industry and agriculture.

The minister will present the budget after a successful but controversial pre-budget seminar that took place in Victoria Falls last week.

More: The Chronicle