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Zimbabwe's finance minister Patrick Chinamasa says his budget reflects a "new economic order”. Our reporter Shingai Nyoka says Mr Chinamasa has announced sweeping cost-cutting measures in government to curb expenditure.
Others policies announced include:
Retirement of those over 65
End of first-class travel except for the president and vice-president
Cutting down international travel
Reducing embassies
Abolishing Mugabe-era youth officers.
“Some of the measures are to restore market confidence to instill and uphold discipline policy consistency, clarity and predictably," Mr Chinamasa has said.
