Mid-Term budget review set for July

By Stanely James Business Editor
ZIMBABWE’S 2021 mid-term budget is expected to be presented next month, with business confident their proposals will be considered by Treasury.
The upcoming budget review is meant to consolidate the gains of economic stability while addressing recurring challenges.
Members of the business community are expecting inclusion of their input.
“It is within our own interest that the budget can also really take into account our needs,” said Dr Israel Murefu, the Employers Confederation of Zimbabwe (EMCOZ) President.
“There is that feeling where we submit proposals but very little being offered, the issues of taxes are a key cause for concern we hope they can be addressed,” said Mr Chris Mugaga, the Zimbabwe National Chamber of Commerce Chief Executive Officer.
Expectations by the business community include addressing cost push drivers, a review of tax free thresholds and transparency on payments, among others.
The central bank and treasury are expecting annual inflation to drop below 10 percent this year while a seven comma four percent economic growth target is has also been set.

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