Zimbabwe in November budget deficit

Zimbabwe in November budget deficit
Published: 27 January 2014

Government spending continues to outstrip revenue inflows with the November consolidated revenue fund statement of financial performance reflecting a $58 million deficit for the month of November 2013, according to the latest statistics from Treasury.

The audited government accounts from the Accountant General show that government's actual expenditure totalled $317 million against actual inflows for the month of $259 million.

The money was spent on employment costs ($188 million) and diplomatic missions ($2.7 million) while the balance of the recurrent expenditure was spent on goods, services and current transfers.

Recurrent expenditure totalled $296.5 million against a planned budget of $279.9 million while $71 million worth of capital programmes were planned but only $20.8 million was spent.
- herald
Tags: Budget, Chinamasa,


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