FINANCE Minister Tendai Biti yesterday presented a $3.4 billion 2012 national budget. The following are the highlights.
- Total budget rises to $4 billion. $600 million more expected from diamond sales followinmg KP certification.
- Tax free threshold reveiwed from $225 to $250.
- Bonus tax free exemption reviewed from $500 to $700.
- Duty imposed on pre-packed food staffs.
- Duty free imports to continue
- $100 million set aside to recapitalise RBZ
- Platinum, gold royaties increased to ten percent.
- Trade deficit reaches $3.1 billion.
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