Business / Economy
Zimbabwe's 2015 National Budget is nothing but hot air
05 Jan 2015 at 08:18hrs | Views
The 2015 National Budget presented late November is another clear indication that Zanu-PF government continues to run the country in a toxic and retrogressive manner.
Sadly, for the people of Zimbabwe, this has resulted in long suffering coupled with massive job losses, an unprecedented number of school dropouts and an increase in death rate.
The budget, presented by Finance minister Patrick Chinamasa, clearly demonstrates that Zanu-PF remains clueless in taking any corrective measures to resuscitate the economy.
The 2015 National Budget is flat and uninspiring, with no ingredient to inspire any form of investor confidence that the country is desperately in need of.
Revenue collection continues to decline, while the economy is shrinking and is way behind the revenue that was collected in 2013 and the depressed situation is definitely set to continue in 2015.
There is nothing on the horizon that points to improving government revenue and instead, all signs are indicating to a total collapse of the economy, clearly indicating that Zanu-PF's ZimAsset programme is nothing but hot air.
Source - Newsday