HomePoliticsFiscal policy review highlights

Fiscal policy review highlights

* Government unveils $327,2 trillion supplementary budget;


* First half suffers $17,8 trillion deficit;



ify>* Tax-free threshold raised to $20 million;


* Salaries over $54 million to be taxed at 35%;


* Additional revenue of $140 trillion to be raised;


* Domestic debt shoots to $46,1 trillion;


* External debt climbs to US$3, 968 billion;


* Current account US$434 million in the red;


* Inflation to average 950-1000% this year;


* GDP to grow by between 0,3-0,6%;


* Agriculture anticipated to grow by 23%;


* Mining projected to decline by 10,8%;


* Gold production to fall;


* Tobacco production declines;


* Manufacturing on the decline;


* Multiple fuel prices to be phased out;


* Maize selling price to be reviewed;


* Stakeholders call for devaluation;


* Parastatals continue making losses;


* Arda to be restructured and;


* Corruption now a major problem — Staff Writer.

Recent Posts

Stories you will enjoy

Recommended reading