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Economic Indicators

Zimbabwe’s 2024 budget deficit seen at 1.3% of GDP, Finance Minister says

07/25/2024

Less than a minute

2024.07.25 09:59

© Reuters. FILE PHOTO: Zimbabwean Finance Minister Mthuli Ncube looks on before the swearing in of new cabinet ministers at State House in Harare, Zimbabwe, September 10, 2018. REUTERS/Philimon Bulawayo/File Photo

HARARE (Reuters) – Zimbabwe’s 2024 budget deficit is forecast to be at 1.3% of gross domestic product, Finance Minister Mthuli Ncube said on Thursday.

The finance ministry projected 2024 growth at 2% earlier this month, down from 3.5% it forecast in November, at a time when southern Africa is suffering its worst drought in decades.

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07/25/2024

Less than a minute