Zimbabwe has announced a pay cut for senior public officials as the country struggles to revive its economy.
The latest move is part of several reforms being rolled out by the government under President Emmerson Mnangagwa.
On Thursday the first budget statement under President Mnangagwa was presented to the parliament.
Zimbabwe’s Finance Minister Mthuli Ncube who made the presentation said budget for the coming year will cost some $8.2bn.
Room has been made for a 5 percent salary cut for all senior government workers including those in state enterprises.
Mr Ncube has mentioned that there are plans to audit the civil service by re-registering workers in order to flash out “ghost” workers.
The budget will also take care of compensation for white farmers who lost their lands and farms under former President Robert Mugabe.
The finance minister said the 2019 Budget primarily targets macro-economic and fiscal stabilisation.
Implementation of high impact projects and programmes, are also priorities for the government.
Zimbabwe’s statistics agency recently rebased the country’s key economic data expanding the economy by over 40 percent.
Mthuli Ncube defended the move saying the economy had been bigger than the initial size.
President Emmerson Mnangagwa has promised to work at restoring the broken economy as it appeals for foreign investment.
Source: Africafeeds.com
