Value of Budget – $2,7 billion
– $2,7 billion
l Nominal GDP – $8 billion
l Inflation rate target – 4,8%
l Tax-free threshold adjusted from $175 to $225 per month
l Bonus-exempt tax threshold increased from $400 to $500
l Reduced duty on motor vehicles
l Tough measures on the importation of cheap highly intoxicating spirits
l Education gets highest vote – $400 million
l Pupils grants increased from $13,8 million to $15,5 million
l $23 million for rehabilitation of 6 556 schools
l $15 million for Student Support Grant and Loan Fund.
l $30 million for university halls of residence
l Nothing for elections and constitution-making process
l All authorised dealers, including banks, shops, petroleum undertakings and any commercial enterprises, to display the daily applicable international cross rates for all prescribed currencies in a manner conspicuous to the public
l US Department of Treasury to replace soiled notes and provide coins
l 660 000 vulnerable households to be assisted with fertilisers and seed
l $1 million for land surveys and demarcation of farm boundaries.
l $20 million for Tokwe Mukosi and $4 million for Gwayi-Shangani dams.
l $5,6 million to refurbish mission hospitals
l $20 million for health institutions infrastructure
l $1,3 million for orthopaedic limbs
l $2,1 million for defence and security training programmes