Zimbabwe has taken steps towards ending its economic isolation in its first budget since the end of Robert Mugabe's 37-year authoritarian rule.
Finance Minister Patrick Chinamasa announced a package of measures aimed at wooing international investors, including new curbs on laws that require firms to be 51 per cent locally owned.
He said privatisation of some state firms was being considered.
He unveiled spending cuts including the closure of some diplomatic missions.
Mr. Chinamasa also said all civil servants over the age of 65 would have to retire as the government aims for a 2018 budget deficit of below four per cent of GDP.