Govt To Spend ZWL$2.16 Billion On Subsidies In 2020 – Report

The govt of Zimbabwe will this coming year part with 180 million a month on subsidies in a bid to make life bearable and affordable for Zimbabweans Reuters reports.

Reuters was quoting Mthuli Ncube when he spoke to ZBC and said:

Our target is basically to inject 180 million Zimbabwe dollars to target the (maize) meal subsidy. We also intend to include other commodities going forward.

Cumulatively using the bank rate, subsidies throughout the year will cost the govt US$133 Million. The subsidies scheme were intensified after the drought that left half the population of Zimbabwe in need of food aid. 

More: Reuters 

 


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