Finance minister unveils ZWL$63.6B budgetMinister of Finance and Economic Development, Prof Mthuli Ncube has unveiled a ZWL$63.6 billion budget against revenue collections of ZWL$58.6 billion resulting in a budget deficit of 1.5% of GDP.Prof Ncube said the budget will focus on Higher productivity, Growth and Job Creation.Here are some of the key take aways from the budget-GDP expected to grow by 3% in 2020-ZWL$500m venture fund to be established to support youth projects- tax free threshold has been raised from Z$700 to Z$2,000 per month. Tax bands will now begin at Z$2,001 and end at Z$50,000, above which the highest marginal tax rate of 40%, with effect from 1 January 2020. The tax free bonus has been changed from Z$1,000 to Z$5,000, with effect from 1 November 2019.- Treasury is to use 5% of excise duty collected on fuel for the rehabilitation of the long-delayed Beitbridge-Harare-Chirundu highway…..more analysis to follow