Budget Summary
Projects
| Ministry | Project | Project Description | Allocation | Utilization | Performance (%) |
|---|
Sector Overview and Economic Contributions
Agriculture
GDP Contribution: ~19%
Employment: Over 60% of population
Key products: Maize, tobacco, groundnuts, cotton, sugar.
2024 trend: 15% contraction due to drought; projected 12.8% growth rebound in 2025.
Mining
GDP Contribution: ~12%
Resources: Gold, platinum, chrome, coal, diamonds, lithium (largest reserves in Africa)
Challenges: Commodity price fluctuations, infrastructure needs.
Manufacturing
GDP Contribution: ~14%
Products: Food & beverages, chemicals, textiles, wood, metal products.
Challenges: Power shortages, economic instability impacting growth.
Services
Includes banking, tourism, and transport.
18 banks providing financial services; tourism driven by Victoria Falls and heritage sites.
Transport projects like the Ponta Techobanine Railway aim to boost regional trade.
Informal Sector
Role: Employs over 80% of employable population.
Challenges: Price hikes due to currency shifts pushing consumers to informal markets.
Currency & Fiscal Policy
The new gold-backed ZiG currency (introduced April 2024) aims to stabilize the economy but adoption is slow; US dollar remains widely used.
Government pursues strict monetary and fiscal policies to manage deficits (projected at 0.4% of GDP in 2025).
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