Zimbabwe pledges to cut spending during IMF visit

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ZIMBABWE will sharply reduce its public sector wage bill and improve fiscal discipline, Finance Minister Patrick Chinamasa said on Wednesday, as he looked to reassure a visiting delegation from the International Monetary Fund (IMF).

Chinamasa said the public sector wage bill would be slashed from 82% of government spending currently to 52% of expenditure by 2019.

The IMF’s head of mission to Zimbabwe Domenico Fanizza responded by saying improving fiscal discipline should be a key government priority for Zimbabwe.

Fanizza added that Zimbabwe had met all the IMF’s quantitative and structural targets it had set during its visit.-Reuters

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