The 2 cents intermediary money transfer tax recently introduced by Government is helping the country to significantly narrow its budget deficit, President Mnangagwa has said.
PRESIDENT Mnangagwa has urged depositors not to panic over the value of their Real Time Gross Settlement (RTGS) balances and bond notes as there is no change in policy to warrant offloading them.
Cabinet has approved the 2019 Pre-Budget Strategy Paper drawn from the Transitional Stabilisation Programme recently presented by Finance and Economic Development Minister Professor Mthuli Ncube.
Government has launched a transitional stabilisation programme in a bid to set the economy on a recovery path after years of stagnation.
The programme, which runs from October 2018 to December 2020, was announced by Finance and Economic Development Minister Mthuli Ncube this afternoon.