ZiG Drop Forces Zimbabwe Government to Cut Spending Ahead of Budget

5
ZiG Drop Forces Zimbabwe Government to Cut Spending Ahead of Budget
ZiG Drop Forces Zimbabwe Government to Cut Spending Ahead of Budget

Africa-Press – Zimbabwe. The devaluation of the ZiG, short for Zimbabwe Gold, is forcing the government to cut spending on certain budget items. Cost-containment measures include limiting foreign travel, deferring local workshops, and cutting fuel allocations by 50%. The southern African country is set to present its 2025 budget at the end of November. Bloomberg’s Ondiro Oganga reports.

For More News And Analysis About Zimbabwe Follow Africa-Press

LEAVE A REPLY

Please enter your comment!
Please enter your name here