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*We Have A Surplus & We Also Have A $4 Billion Deficit At The Same Time? - BITI* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?re Former Finance Minister, advocate Tendai Biti, has dismissed surplus reports by the current Finance Minister, Professor Mthuli Ncube, as misrepresentation of facts. The MDC vice president noted that the Finance Minister, Professor Mthuli Ncube, has been reporting that the country registered a surplus as a result of austerity measures yet in the budget, he admitted that there was a deficit amounting to $4 billion. ---------- *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* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > The much-hyped myth about the budget surplus is a misnomer because you cannot boast of a surplus using cash accounting, and when ministries are struggling in debt with no drugs and textbooks. We cannot talk of a surplus when there is a deficit of $4 billion, which is 10% of the total budget. Biti’ remarks come at a time when the country is having a huge deficit in food, fuel, electricity, medicines and several other basic commodities. It is ironic to say that the economy registered a surplus when the country owes lots of money to local and foreign creditors including South Africa power utility, ESKOM and Mozambique power utility, Hydro Cahorra Bassa. More: News Day _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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