Uncategorized
Chinamasa presents 2017 budget
Victoria Mtomba ·
FINANCE minister Patrick Chinamasa will today present his 2017 National Budget, which is unlikely to be above $4 billion due to a shrinking tax base.
Since dollarisation, the country has not had a budget above $4,5 billion, as revenues continue to dwindle.
Civil servants’ salaries and wages continue to chew the biggest chunk of the budget, gobbling 97% of revenue in the first half of the year.
This story is for NewsDay subscribers.
You must be logged in to post a comment.