LIFELESS : BITI ATTACKS MTHULI’S BUDGET

FINANCE minister Mthuli Ncube yesterday presented a $927,3
billion budget with an ambitious gross domestic product growth projection of
5,5% for 2022, but former Finance minister Tendai Biti dismissed it as a
“ritualistic formality bereft of substance”…

FINANCE minister Mthuli Ncube yesterday presented a $927,3 billion budget with an ambitious gross domestic product growth projection of 5,5% for 2022, but former Finance minister Tendai Biti dismissed it as a “ritualistic formality bereft of substance”. Biti said the budget had failed to address exchange rate distortions and structural challenges around the free-falling local currency. In his