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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?uz 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: ---------- *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* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > 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* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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