22 January 2018
   
Kasukuwere begs ED for forgiveness: official
Chinamasa to divert wages to devolution
Dump Mugabe regalia, Zanu PF official
Mugabe exploited my illiteracy: Mujuru
Engineers group to expose fake degrees
Grandpa, 83, says minor pestered him for sex
Poet poses as Zimra officer, blows $35k
Chocked as 2kg's of cocaine tested in court
MORE NEWS
Gemmology center in Mutare soon
NRZ loss as gold miners damage rail line
MORE BUSINESS
Unpaid Mr ugly reports sponsors to ZRP
Zim author releases new book in USA
MORE SHOWBIZ
Anger as Dembare approach City player
Cricket: ICC clears Zimbabwe's Vitori
MORE SPORTS
Mnangagwa’s ‘New’ Zim merits support
Zhuwao: kleptocracy and EDiots in Davos
MORE OPINION
 
Mnangagwa off to Davos empty handed
Economy: the need for a paradigm shift
MORE COLUMNISTS
 
 
Economy to grow 9pc: Chinamasa
05/11/2013 00:00:00
by Reuters
 
 
RELATED STORIES
Chinamasa sees good times as Zim gets $1,5b
Chinamasa turns down job at Biti law firm
PDP schadenfreude as Chinamasa fired
Sleepless nights now behind me, Chinamasa
MPs to Chinamasa: be smart like Magufuli
Agric, mining to drive growth: Chinamasa
Chinamasa seeks to revive industries
Budget: Chinamasa’s near impossible task
Ignore Mugabe threats, West told
Skint Zimbabwe begs reviled IMF for help
Tax revenues dip as public spending rises
Chinamasa pleads for IMF help, almost
Economic outlook uncertain, World Bank
Chinamasa: No budget in November
No Zim$ return for 5 years: Chinamasa
Govt agrees to repay cash seized by RBZ
Wealth fund up next Feb: Chinamasa
Fiscal deficit widens as spending spirals
Minister back empty handed from IMF

THE economy is expected to grow 6.1 percent next year from 3.4 percent this year on the back of rising revenues, finance minister Patrick Chinamasa was quoted as saying on Tuesday.

The country is experiencing an economic slow-down on the back of a decline in agriculture output and jitters surrounding a July 31 election that was won by veteran leader Robert Mugabe.

Chinamasa was quoted by the state-owned Herald newspaper as saying he expected revenues to rise to $4.4 billion next year from $3.7 billion this year.

He did not give a reason, but the government has said it expects more money from diamond sales after the European Union removed sanctions on the state-owned Zimbabwe Mining Development Corporation.

"In terms of key projections the economy is projected to grow from 3.4 percent to 6.1 percent and a nominal gross domestic product of $15.5 billion," Chinamasa said.

Chinamasa could not be reached for comment.

Chinamasa has said he will stick to an IMF staff-monitored program agreed earlier this year as a way of repairing ties and having Harare's debts rescheduled.

An IMF team is due to visit for two weeks from Wednesday, Chinamasa said, to review Harare's progress towards meeting key targets such as keeping inflation in check and putting more money towards capital projects.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker