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*Government Revenues Increase -Treasury Quarterly Bulletin* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?yh The Treasury Quarterly Bulletin (2018 Fourth Quarter) released on Wednesday suggests that government revenues have increased. A Herald report attributes the rise in revenue collected to fiscal stabilisation measures as espoused in the national economic blueprint, the Transitional Stabilisation Programme (TSP). ---------- *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 report indicates that revenues rose by 43,4 percent to US$1,69 billion, surpassing the set target of US$1,18 billion. Reads the report in part: > This fourth quarter performance also represents a phenomenal 60 percent increase from the collections of US$1,06 billion recorded during the same period in 2017. > Similarly, fourth quarter revenues surpassed third quarter revenues of US$1,3 billion by 31,3 percent, reflecting high inflation impact, as well as the introduction of the Intermediated Money Transfer Tax (IMTT) in November. The report also suggests that taxes were major contributors to revenue collections. It also divulges that expenditure in the fourth quarter was higher than the projected. Employment costs, interest on debt and operations, and maintenance were cited as major contributors to the sad trajectory. *Related:* Austerity Measures Mostly Affecting The Have-Nots Debt Accumulation Threatening The Sustainability Of Public Debt – World Bank More: The Herald _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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