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*Treasury exceeds expenditure budget for 2016 by $410 million in 9 months* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?uf In the 9 months between January and September this year, Treasury exceeded the expenditure budget for the whole year by $410 million. Treasury has attributed this to debt servicing and grain imports due to the drought. Minister of Finance Patrick Chinamsa said the situation was undesirable and added that: > The high recurrent expenditures inclusive of employment costs renders the country highly consumptive and hence anti-developmental. > Cumulative expenditure to September amounted to $3,48 billion against a target of $2,99 billion. Major expenditure drivers were employment costs, grain procurement and debt servicing ---------- Latest itel A06 on Pindula: 32GB storage, 4GB RAM $69 USD WhatsApp: +263715068543 Calls: 0772464000 ---------- More: Herald _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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