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*US$113 Million Revenue Surplus Achieved By Overtaxing Poor Citizens - Economist* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ns Finance and Economic Development Minister Mthuli Ncube revealed that the government achieved a surplus after it spent within the budget. However, Harare economist John Robertson says the US$113 million revenue surplus in January 2019 was achieved by over taxation of poor citizens, and not fiscal discipline on the part of the government. Said Robertson: ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- > The surplus has not been achieved due to anything that has to do with financial discipline, but rather, the ongoing widening of the country’s tax base. > Notably, the 2 per cent tax is churning out huge amounts of revenue and this source is now covering up the over expenditures that were experienced in the past. > So it is not as rosy as the government wants to portray it because people’s buying power has been eroded, demand has gone down drastically at a time when salaries are not even matching the cost of living. > Such a surplus is only worth celebrating if it is in tandem with economic growth. *Read Also:* *‘Govt Is Cash Positive’ – Ncube Hails His Austerity Measures* *More: NewZimbabwe.com* itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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