CENTRAL bank is putting a brave face to the first rise in inflation in
twelve months, amid growing concern that RBZ's splurging on the public
sector will halt its recent successes against rising prices.
Research by two economists made available to StandardBusiness shows that
in addition to a larger civil service wage bill, spending from central bank
on parastatals, councils, cheap productive sector support, subsidies to
exporters and other costs could swell expenditure by up to $26
trillion. This far exceeds acting Finance Minister Herbert Murerwa's
estimates of $19 trillion.
...
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