Zimbabwe to unveil budget amidst economic crisis

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Zimbabwe’s Finance Minister Mthuli Ncube is expected to announce the country’s annual budget in a few hours.

It comes at a time the country is facing a huge deficit, with predictions the economy could shrink by 7percent.

The economic crisis has seen hospitals virtually shut with health workers on strike over pay.

Nearly half of the country’s 16 million people face the threat of starvation, in part due to the worst drought in four decades.

The government is expected to put in place measures to boost confidence in the local currency, and some attempts will be made to end the long running strikes.

It is almost two years since President Emmerson Mnangagwa came to power deposing long time president Robert Mugabe.

Mr Mnangagwa promised long awaited reforms, a crackdown on corruption and to control government expenditure. Few of his critics expect to see those promises fulfilled today.

 

Christopher Ojilere