Huge budget deficit forecast 

Source: Huge budget deficit forecast | The Financial Gazette February 1, 2018

By Phillimon Mhlanga, Business Reporter

ZIMBABWE’S 2018 budget deficit could surpass the $2 billion incurred last year due to multiple factors, including the possibility of a poor agricultural season, economists have warned.

They said Zimbabwe’s budget deficit this year could surpass that of previous years, with dire consequences on the economy. “Currently, we have a deficit crisis and it’s likely to further widen this year,’ Ashok Chakravarti, a University of Zimbabwe lecturer and advisor to the Office of the President and Cabinet, told an economic outlook symposium organised by the Confederation of Zimbabwe Industries (CZI) this week.

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