Government cuts spending, after ZiG lost 43% of its value
The government has cut spending for the Budget Support for November and December 2024, in response to the performance of the Zimbabwe Gold (ZiG). This was in response to the local currency (ZWG) performance after it depreciated by 43% against the USD, creating a revenue-expenditure mismatch. According to the ministry of finance, fiscal space for […]
17 Nov 22:48 · ZWNEWS