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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?so 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 ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- More: Herald _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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