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Where am I? Home Economy Monetary Policy Zim on course with growth targets
"He said the government deficit had increased by $200 million to $700 million due to recently awarded civil service salary increments. "
Zimbabwe's economy is on course to grow by 9.3 percent in 2011, up from 8.1 percent last year, mainly on the back of a continued recovery in the key mining and agriculture sectors, Finance Minister Tendai Biti said on Tuesday.

"We are still on course to achieve our GDP growth rate of 9.3 percent. Agriculture and mining, with 19.3 percent and 44 percent growth respectively, are at the epicentre of this growth," Biti said in a half year budget review statement.

He said the government deficit had increased by $200 million to $700 million due to recently awarded civil service salary increments.

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May 19 2012 04:04 | LAST UPDATED May 17 2012 16:37
 

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