Fiscal Deficit Narrowing to 0.5pct of GDP

Zimbabwe’s fiscal deficit is this year seen narrowing to below 0.5 percent of the country’s Gross Domestic Product (GDP) from 2.4 percent recorded in 2014 on improved revenue collections and rationalized government expenditure. The Southern African nation has run successive budget deficits averaging 2.59 percent of GDP between 1990 and 2014, reaching a record low