Source: 2018 National Budget highlights – NewsDay Zimbabwe December 8, 2017
Economy to grow by 4,5% in 2018
Revenue to reach $5,071 billion
Expenditure projected at $5,743 billion
Deficit to narrow to $672m in 2018 from $1,7 billion in 2017
Wage bill to chew $4,5 billion of the 2018 budget
Capital expenditure projected at $1,2 billion
Budget proposed to exempt registered buyers of tobacco from the requirement to withhold the 10% tax with effect from 1 January 2018.
Budget proposes to review the VAT withholding rate to 5% from 10% to 5% of the value of taxable supplies, with effect from 1 January 2018 for VAT registered operators.
To cut travel expenses and embassies
Prev Article
« FULL TEXT-President Mnangagwa Grilled: “Why Are Soldiers Still Deployed On Streets When Nation Is Not At War?”
« FULL TEXT-President Mnangagwa Grilled: “Why Are Soldiers Still Deployed On Streets When Nation Is Not At War?”
Next Article
Zifa loses bus over debt »
Zifa loses bus over debt »