Zimbabwe: Ncube Proclaims Surplus Despite Seeking Bailout

Finance minister Mthuli Ncube , who recently pleaded for a bailout package from international financial institutions saying government coffers had run dry, yesterday took a surprise turn, announcing that Treasury has enough money to last the rest of the year.

He also claimed the state was liquid enough to withstand the economic effects of the raging Covid-19 pandemic and therefore did not budget for the necessary social safety nets as some countries have been doing.

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