Agencies not remitting revenue to Treasury: RBZ

The Reserve Bank of Zimbabwe (RBZ) has said a number of agencies are collecting revenue, but not remitting it to Treasury, a development that has left the financially-troubled government hamstrung.

RBZ deputy governor, Kupukile Mlambo said the apex bank was fretting over a lot of agencies which are collecting revenue, but keeping it for their own use, instead of forwarding it to Treasury.

In 2014, suspended Zimbabwe Revenue Authority (Zimra) commissioner-general Gershem Pasi told Parliament that the Zimbabwe Republic Police and the Zimbabwe National Roads Authority (Zinara) were not remitting all the money they collect to Treasury.