Tag: Chinamasa

Chinamasa growth targets guesstimates

Chinamasa growth targets guesstimates

THE projected 2,7% Gross Domestic Product (GDP) growth envisaged by Finance minister Patrick Chinamasa in his 2016 national budget statement driven by buoyant performance of the real sector — agriculture, manufacturing, mining and tourism — is wishful thinking considering that Zimbabwe’s resource-driven economy is under immense internal and external pressures. […]

Foreign dependence spurs trade deficit

Foreign dependence spurs trade deficit

THE country’s over-reliance on foreign foodstuffs and pharmaceutical products is mainly to blame for the huge trade deficit retarding economic growth, Finance and Economic Development minister Patrick Chinamasa has said. The remark follows an increase in trade deficit to $2,9 billion this year up from $2,7 billion recorded last year. From […]

News Day: Zim needs new thinking

News Day: Zim needs new thinking

FINANCE minister Patrick Chinamasa last Thursday presented the 2016 National Budget where he indicated he had set aside $4 billion for the coming year. It would, however, appear that next year’s budget is somehow more or less the same as the previous three or so years. For the year 2013, former […]