The country’s Finance and Economic Development Minister Mthuli Ncube today presented his 2021 national budget, which he believes will work if these criteria are met.
He is also pinning hopes on a tourism recovery, which will depend on the Covid-19 pandemic not worsening.
As such, the 2021 budget has an “expenditure ceiling of $421.6 billion”, he said.
Development partners were expected to lend or give the country a total of US$841.5 million, of which $282.1 million would come from multilateral partners.
Ncube is projecting a 7.4% overall GDP growth, with year-on-year inflation by the end of 2021 reaching 9%.
These are some of the highlights of the budget:
The government has proposed a ban on the importation of second-hand motor vehicles aged 10 years and more.- TimesLIVE
Budget highlights
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This post was last modified on November 26, 2020 5:12 pm
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