Govt misses ZimAsset targets

via Govt misses ZimAsset targets – The Zimbabwe Independent November 26, 2015

NEW economic growth projections made by treasury under the 2016 Budget strategy all but confirm that growth forecasts espoused under government’s ambitious economic blueprint, ZimAsset have been missed as finance minister Patrick Chinamasa presents 2016 National Budget today.

By Bernard Mpofu/Taurai Mangudhlazimasset-targets-1

Although government projected an average 7,7% annual GDP growth between 2013 and 2018 under ZimAsset, with peak growth targets of as much as 9,9% in 2018 under the economic blue print, figures from the 2016 budget strategy paper indicate the country’s economy could only grow at an average of 3,4% during the period.

budget-strategy-1

Weak commodity prices on the international market and a looming drought prompted government to lower GDP forecasts for this year.

 

COMMENTS

WORDPRESS: 4
  • comment-avatar

    Um, the reality is far,far worse. Those figures are just window dressing for the World Bank!

  • comment-avatar
    Yayano 6 years ago

    No surprises there, Mugabe doesn’t even know what ZimAsset is all about.

  • comment-avatar
    Patrick Guramatunhu 6 years ago

    ZimAsset is died and the economic meltdown is set to get worse and worse until there is regime change!

  • comment-avatar
    Yahoo 6 years ago

    a doctorted 3.4%. the reality is the economy has shrunk by not less that 3%. should be -3.4%.