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.
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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.