Zimbabwe on course to meet 2020 budget deficit target -finmin

PUBLISHED: Mon, 20 Jul 2020 11:37:14 GMT


JOHANNESBURG (Reuters) – Zimbabwe’s finance minister Mthuli Ncube said on Monday the country was on track to meet its budget deficit target of 1.5% of GDP in 2020 in a key update that was absent from his mid-term budget last week.

“I am still focusing on a budget deficit of 1.5% of GDP and we are well on our way to achieving that,” Ncube said during a review of the half-year budget held virtually, adding the government will not seek any further funding because it had spent less than 50% of the budget by June.

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