Back to Index

Second Quarter 2011 Treasury Bulletin
Ministry of Finance - Government of Zimbabwe
September 08, 2011

http://www.zimtreasury.org/downloads.cfm

Download this document
- Acrobat PDF version (2.32MB)
If you do not have the free Acrobat reader on your computer, download it from the Adobe website by clicking here.

Introduction

1. The second quarter 2011 Treasury Bulletin updates stakeholders on macroeconomic developments during the months April to June 2011 and progress on the implementation of the 2011 National Budget.

Economic Overview

Real Sector

2. During the second quarter, overall economic performance remained on track, with the original real GDP growth and annual average inflation projections of 9.3% and 4.5%, respectively, still achievable by year end. This outlook for positive economic performance is riding on the general stable economic environment.

Agriculture

Tobacco

3. During the period under review, tobacco deliveries increased by 25.5%, with 93.15 million kgs having been sold as compared to 74.2 million kgs sold during the same period in 2010.

4. Since the opening of Auction floors on 8 February 2011, a total of 120.1 million kgs was sold at an average price of US$2.73 per kg, realising US$328.4 million by 30 June 2011. This is a 25% increase when compared to 96.0 million kgs sold for US$284.7 million at an average price of US$2.96 per kg during the same period in last year.

Download full document 

Please credit www.kubatana.net if you make use of material from this website. This work is licensed under a Creative Commons License unless stated otherwise.

TOP