Economy Budget Review

Major economy review on today

Finance Minister Mthuli Ncube will present the highly-anticipated mid-term budget review in Harare today, as reported by Daily News. The review comes amid a severe economic crisis, with inflation soaring and currency instability. The friction: opposition and civil society groups expect austerity measures that could deepen hardship, while the government seeks to reassure international lenders. The core vulnerability: Ncube's fiscal targets may be undermined by mounting public debt and a shrinking tax base, making it difficult to balance spending cuts with social protection needs.

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