HARARE - Zimbabwe’s budget deficit will more than double to 11.1 percent of gross domestic product this year from an initial forecast of 5 percent due to runaway government spending, a senior treasury official said on Monday.
Zimbabwe’s president Emmerson Mnangagwa on Monday urged citizens to bear the pain of new taxation and other economic reforms introduced by his finance minister, in order to revive the economy.
Harare ‑ The Zimbabwean government has de-dollarised the economy by reintroducing local currency bank accounts, which will be traded in electronic transfers and bond notes only.
