HERALD

Minister Ncube’s Mid-Term Budget Highlights

– Revenue collections above target at US$3,7bn

-Revenue expenditure within target at US$3,3bn

-Economy to achieve targeted growth of 6pc

-GDP growth for 2024 is estimated at 1.7pc

-Public debt to GDP ratio in USD at 46.5pc

-Economy now dominated by manufacturing (15.3pc)

-Agriculture is projected to grow by 21.1pc in 2025

-Govt to review business licences, fees, regulations

-Treasury has spent 35pc of 2025 budget thus far

-30,2pc growth in forex inflows for the half year

-Govt to stay the course on tight fiscal policy

-Review of fees, regulations for agric in two weeks

-New measures mooted to tax informal sector