Tag: Chinamasa

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 […]

‘Zim should be registering higher economic growth’

‘Zim should be registering higher economic growth’

ZIMBABWE should register annual growth rates of between 7 percent and 8 percent over the next ten years to make up for the two decades of lost economic growth and lift the country above its regional counterparts. Finance and Economic Development Minister Patrick Chinamasa believes the progress registered by Zimbabwe’s regional […]