Earlier this week, Minister for Finance Mthuli Ncube said that Zimbabwe had a budget surplus of ZWL$9.8 billion in Q1 of 2021. A budget surplus is essentially the government making more money from income like taxes and the likes than it is spending.
Now there are many ways to interpret this especially with COVID-19 being an inescapable reality both on its impact on business and how it should influence government spending.
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Link to ZIMRA’s Q1 2021 report is in the link here
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3 comments
Has anyone ever asked them to define what surplus means, just to make sure we are all on the same page. 😂
To claim a surplus is an insult to the Zimbabwean people.
Not spending money when:
75 percent of our population is food insecure
90 percent of our population doesn’t have safe water
Our maternal and neonatal death rates are amongst the highest in the world
Our roads are a death trap
We have no social services to speak of
Most civil servants live under the poverty datum line
And the list goes on and on:
Is human rights abuse and should mean it is not a surplus.
To draw 2000 zwl from a Std chartered bank ATM costs 300 zwl which equates to a cost of a 15% flat fee . Kindly look into this. Is that not an exorbitant charge