Zimbabwe Government Fails to Curb Profligacy

The Reserve Bank of Zimbabwe's (RBZ) first-quarter report for 2018 has shown that despite the change of guard in leadership, government is yet to desist from its discredited habits of fiscal indiscipline and unrestrained spending.

According to the report, government had cumulative revenue collections of about US$1,2 billion, against total expenditure outlays of US$1,4 billion, resulting in a budget deficit of US$225,4 million.

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