{"id":2125,"date":"2024-11-29T07:33:46","date_gmt":"2024-11-29T07:33:46","guid":{"rendered":"https:\/\/zimdailyjournal.co.zw\/?p=2125"},"modified":"2024-12-14T21:42:50","modified_gmt":"2024-12-14T21:42:50","slug":"zimbabwes-economy-projected-to-grow-by-6-percent-in-2025","status":"publish","type":"post","link":"https:\/\/zimdailyjournal.co.zw\/index.php\/2024\/11\/29\/zimbabwes-economy-projected-to-grow-by-6-percent-in-2025\/","title":{"rendered":"Zimbabwe\u2019s economy projected to grow by 6 percent in 2025"},"content":{"rendered":"

Zimbabwean Government has unveiled a ZiG276 billion national budget for 2025, with the economy expected to grow by six percent next year.<\/p>\n

Finance, Economic Development and Investment Promotion, minister Professor Mthuli Ncube said, the tax-free threshold has also been revised to ensure workers pocket more from their earnings.<\/p>\n

\"\"
Professor Ncube<\/figcaption><\/figure>\n

Treasury also sought to increase tax revenue by taxing sports betting companies and introducing a paper bag tax.<\/p>\n

Professor Ncube promised even better days next year as Zimbabwe is set to become the fastest growing economy when he presented the national budget.<\/p>\n

The budget, which allocated the largest chunk to the education sector, presented relief measures for both workers and businesses.<\/p>\n

The new tax-free threshold was revised upwards to ZiG2 800 per month.<\/p>\n

\u201cI propose to review the local currency tax-free threshold to ZiG2 800 per month and accordingly adjust tax bands\u2026 with effect from 1 January 2025,\u201d he said.<\/p>\n

Treasury allocated the biggest chunk to the education sector, followed by defence and health while agriculture and transport were equally resourced.<\/p>\n

Professor Mthuli Ncube is banking on the improved agricultural season as well as a strong mining sector and manufacturing sector growth to propel the country\u2019s 6 percent economic growth target for next year.<\/p>\n

Read more stories @ Zimdaily Journal<\/a><\/p>\n

Also Visit us on our Facebook Page @ ZimDailyJournal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Zimbabwean Government has unveiled a ZiG276 billion national budget for 2025, with the economy expected to grow by six percent next year.<\/p>\n","protected":false},"author":2,"featured_media":2127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[233],"class_list":{"0":"post-2125","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-zimbabwe","8":"tag-professor-mthuli-ncube"},"yoast_head":"\nZimbabwe\u2019s economy projected to grow - zimdailyjournal<\/title>\n<meta name=\"description\" content=\"Zimbabwe\u2019s economy projected to grow , Zimbabwe announces $276 billion 2025 budget, projects six percent growth.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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