2018 Budget roundup: Chinamasa underscores political will for new economic order
Key highlights
- GDP growth above4.5 percent in 2018 premised on a new way forward with economic and investment recovery measures towards a ‘new economic order’.
- Tax revenue $4.3 billion
- Overall revenues for the public of US$5.533 billion.
- Expenditure framework of $5.743 billion, inclusive of retention funds.
- Current expenditure $4.5 billion
- Capital expenditure $1.2 billion
- Fiscal deficit of $672 billion
- Elections will be supported to the tune of $132.2 million
- Reduction of the share of employment costs to 70 percent 2018
HARARE- The 2018 national budget presented by Finance and Economic Planning Minister Patrick Chinamasa Thursday afternoon has underscored the importance of political will to ensure that the country’s economy moves
