Zimbabwean Govt Rejects Plan to Cut Spending

The country's Finance Minister, Patrick Chinamasa, suggested to cutting down salaries and bonuses for at least two years.

From left, IMF 2016 Zimbabwe leader Mr Domenico Fanizza, Minister of finance Patrick Chinamasa and Reserve Bank Governor John Mangudya at a press briefing in Harare.

  • Zimbabwe:   Dead Man Walking... Patrick Chinamasa in Trouble

    Financial Gazette, 15 September 2016

    PATRICK Chinamasa could be seeing off his last days at the Finance and Economic Development Ministry after he was rebuked by Cabinet for sneaking austerity measures into his… Read more »

  • Zimbabwe:   Zimbabwe Headed for Deeper Crisis

    Financial Gazette, 15 September 2016

    GOVERNMENT moved to curb social upheavals this week by reversing a policy announcement that sought to slash salaries and stop bonus payments to civil servants, at the risk of… Read more »

  • Zimbabwe:   Opposition Urges 'Shamed' Finance Minister to Resign

    New Zimbabwe, 14 September 2016

    OPPOSITION parties and political commentators have urged beleaguered Finance Minister Patrick Chinamasa to resign after he was again embarrassed by President Robert Mugabe in what… Read more »

  • Zimbabwe:   Retrenchments, Bonuses - Chinamasa Blocked Again

    New Zimbabwe, 13 September 2016

    WHEN he presented his mid-term budget review last Thursday, Finance minister Patrick Chinamasa drew praise from some critics after saying the bloated civil service would be cut by… Read more »

  • Zimbabwe:   Govt Must Lead in Rand Pricing

    The Herald, 15 September 2016

    Government departments should take the leading role in pricing goods and services in South African rand if Zimbabwe is to realise an increase in tourist arrivals, analysts have… Read more »

  • Zimbabwe:   Put It On Paper, Say Civil Servants

    The Herald, 15 September 2016

    Civil servants yesterday demanded formal communication from the Government assuring them that they will receive their traditional annual bonuses and that their salaries will not be… Read more »

  • Zimbabwe:   Honesty On State of Economy Laudable

    The Herald, 14 September 2016

    "Ethics or simple honesty is the building block upon which our whole society is based, and business is a part of our society, and it's integral to the practice of being able to… Read more »

  • Zimbabwe:   Promises to Keep, Less to Spend

    The Herald, 14 September 2016

    Finance and Economic Development Minister Patrick Chinamasa announced in his mid-term fiscal policy review last week plans to cut 25 000 civil service jobs in order to contain… Read more »

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