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*Governement Allocates $100 Million Of 2% Tax To Cyclone Idai Relief* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?tk Minister of Finance Mthuli Ncube has said that government has allocated $100m from the 2% tax fund to the Cyclone Idai relief efforts. In an opinion piece in state-controlled daily, The Herald, Ncube said that initially, the government had allocated $50 million but soon realised it was not enough and it doubled the figure. Said Ncube: ---------- *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 ---------- > Cyclone Idai necessitated an urgent and immediate need for resource mobilisation to mitigate against its effects and support those affected. In the past, this would have meant further Government borrowing, leading to extra debt and long term economic ramifications. > But fortunately, funds from the 2 percent tax that were put aside for exactly this eventuality, and became available exactly when they were most needed. > We had initially earmarked $50 million to cover the emergency requirements for mitigating the impact of such a disaster, yet due to the increased performance of the fund, we were able to increase this allocation to a much needed $100million. > These funds are being used to help those who most in need of our help. The 2 percent tax has been unpopular with Zimbabweans since it’s introduction in October 2018. Ncube said in his opinion article that even though the introduction of the tax was unpopular it was “the right thing to do”. More: The Herald _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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