Published: 25 July 2013

Zimbabwe's year on year inflation is expected to slow down to 3.9 percent  from projected 5 percent, due to the weakening rand. Finance Minister Tendai Biti said this whilst presenting the Mid-Term fiscal policy.

Biti also said the  Gross Domestic Product has been revised to 3.5 percent from the proposed 5 percent due to uncertainty and under-performance of the  agriculture and mining sectors.

He also said funding for the UNWTO is still a challenge.

Biti says Zimbabwe is ready for elections after treasury disbursed US$96 million as at July 25. An outstanding amount of US$36 is still required to meet allowances for election officials. Mr Biti said the treasury has no capacity for a presidential election run-off.
- newsday

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