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Friday, 25 November 2011 09:54 4Cast
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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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