TOURISM minister Walter Mzembi has said Zimbabwe’s fiscal framework is misconceived warning that unless this is addressed, the country would not address its economic challenges.
Source: Mzembi hits out at misguided budget – NewsDay Zimbabwe March 22, 2017
Newzimbabwe.com
Mzembi, who is contesting elections for secretary-general of the United Nations World Tourism Organisation, was speaking at a marketing indaba held in London this past weekend.
The minister said using every tax dollar collected on recurrent expenditure was not viable.
Zimbabwe’s national budget has remained at around $4 billion with more than 90% of revenues going to wages for the civil service.
The country has struggled with an economic crisis for years, which has crippled industry leaving formal unemployment at around 80%, a development that has adversely impacted government’s tax revenues.
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