Finance Minister Patrick Chinamasa has unveiled a $4.1 B budget for 2017. It's set to be financed through revenue collections of 3.7 B and domestic borrowings of 400 M. The country's coffers will remain under pressure from employment costs which are set to eat up $3 B. Recurrent expenses will be 400 M and capital expenditure has been pegged at 500 M. The education sector has received the biggest allocation at 803 M. Measures to stimulate economic activity include incentives for corporates that invest in production value chains, a fund for local value-addition and tax breaks for investors in special economic zones.
