THE Reserve Bank of Zimbabwe says the country’s domestic debt has soared once again, this time from $588 billion in September to
$597 billion last month. In its latest figures for the period ending October 17, the RBZ said the country’s domestic debt currently stood at $597 billion. This is however expected to increase by year-end because of the upcoming civil servants’ bonuses.
MDC Shadow Minister for Finance Tapiwa Mashakada said government does not have fiscal discipline.
“Neither does it possess the know-how and political will to do so,” he said. “For it is common knowledge that over the past years government has failed to live within its means. Extravagance with public resources has been the hallmark of its fiscal stance.”