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*Govt Paid $200 Million To Local Creditors - Mthuli Ncube* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?gz Finance and Economic Development, Minister Mthuli Ncube, revealed that Zimbabwe’s domestic debt has fallen after the government paid more $200 million to some of its creditors in January. Ncube was addressing delegates attending a Zimra breakfast meeting held at a local hotel in Bulawayo as part of the ongoing ZITF on Thursday. He said: ---------- *Latest itel S24 now available on Pindula* $124 Cash on Delivery in Harare & Bulawayo. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > I am going to say that domestic debt has also gone down as a percentage of GDP. I am not yet ready to share the figures but we paid our debt in January of $200 million. The Finance Minister revealed in the 2019 budget presentation that domestic date stood $9.6 billion as at end of September 2018. Economic analysts considered the ballooning debt unsustainable and a hindrance to economic recovery as the government was crowding out the private sector through the issuance of Treasury Bills. *Related:* *Debt Accumulation Threatening The Sustainability Of Public Debt – World Bank* *Full Text: Monetary Policy Statement 2019 Delivered By John Mangudya* *Commercial Loans Won’t Clear Zim’s Debts* *More: Sunday News* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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