Addressing parliamentarians during a pre-budget meeting in Victoria Falls on Saturday, Minister Chinamasa also said he anticipated revenue to increase from $3,7 billion to $4,4 billion.
Treasury expects to spend $4,4 billion as budgeted in line with the cash budgeting principle. Capital expenditure is set to be increased from 14,7 percent in 2013 to 18 percent in 2014.
Current expenditure is expected to maintain pressure on the fiscus at $3,6 billion with $1,9 billion of that amount anticipated to be spent on salaries and wages for civil servants.
Minister Chinamasa said while annual inflation has trended down from 2,51 percent in January to 0,86 percent in September, inflation is expected to rise marginally to 1,5 percent next year.
GDP expected to improve credit to natural resources
“In terms of key projections the economy is projected to grow from 3,4 percent to 6,1 percent and a nominal gross domestic product of $15,5 billion,” Minister Chinamasa said.
- Zimbabwe 2014 budget delayed (worldbulletin.net)
- Cabinet endorses blueprint (herald.co.zw)
- Doing the right thing, finally (zimbabweelection.com)
- ‘Zim should ask for debt forgiveness’ (zimbabweelection.com)
- Zimbabwe needs real money not small money-Chinamasa (newsday.co.zw)
- Bonus for civil servants (herald.co.zw)
- ‘Zim should ask for debt forgiveness’ (newsday.co.zw)
- Zimbabwe needs real money not small money-Chinamasa (zimbabweelection.com)
- No new money for Zim (herald.co.zw)
- Zanu PF clueless – MDC-T (newsday.co.zw)