$217 Left in Zimbabwe’s Government Coffers

29. Jan, 2013

Zimbabwe President Robert Mugabe

Zimbabwe Finance Minister Tendai Biti said on January 29, 2013, “Last week when we paid civil servants there was $217 (left) in government coffers.” He further added to local reporters, “The government finances are in paralysis state at the present moment. We are failing to meet our targets.”

Zimbabwe’s cash strapped government is feeling the effects of confiscatory economy policy, bloated public sector spending and hyperinflation. [Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view site content.]

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