Zimbabwe sees 2019 budget deficit at 4 percent of GDP: Mthuli Ncube

Zimbabwe wants to reduce its budget deficit to 4 percent of gross domestic product in 2019, down from an 11.1 percent forecast this year through various expenditure cuts, Finance Minister Mthuli Ncube said on Thursday.

Ncube told members of parliament during a pre-budget briefing that the government would stop the central bank’s quasi-fiscal operations such as providing direct funding for projects, review annual bonuses to the public service, cut foreign travel and perks for senior officials.

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