Zimbabwe: Supplementary Budget Must Stimulate Recovery

column

LAST week's column focused upon the very great necessity for government to table a supplementary 2007 budget before parliament and the senate.

Such a budget is, in a normal and well-managed economy, both unnecessary and undesirable, but is critically necessary when an economy is deeply distressed, hyperinflation is pronounced, and the fiscus is, to all intents and purposes, bankrupt. That is irrefutably the Zimbabwean economy's present circumstance, and therefore not only is a supplementary budget critically required, but is already greatly overdue.

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