Zimbabwe: Govt Sinks Deeper in Fiscal Crisis

GOVERNMENT is irretrievably sinking deeper into a fiscal crisis as Zimbabwe's tax base continues to shrink, while revenue collections dwindle at an alarming rate amid a severe liquidity crunch which has spawned low capacity utilisation, company closures and job loses.

Since the beginning of the year at least 600 workers have been retrenched, in addition to 9 000 retrenched in 2014.

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