Zimbabwe Finance Minister Mthuli Ncube today presented a $58.2 trillion budget for 2024, a 14-fold increase from this year’s $4.3 trillion.
He, however, said the economy is expected to shrink from 5.5% this year to 3.5% next year.
Inflation is projected to end the year at 20% and then fall to between 10% and 20% in 2024.
Revenue is expected to total $53.9 trillion leaving a deficit of $4.3 trillion.
Below is the minister’s budget statement read in Parliament today:
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