Categories: Zim Latest

Mthuli raises RTGS$ 6 billion on taxes

Minister of Finance and Economic Development has raised at least $6 billion against a target of $6,68 billion by year end.

The Minister of Finance informed Cabinet during its deliberations yesterday.

While giving feedback on 100 days progress Minister Mthuli said, “With regard to resource mobilisation, RTGS$6.09 billion has been realised from tax revenue, out of the targeted RTGS$6.68 billion”

Minister Mthuli said

On expenditure targets, adjustments had to be effected as a result of the prevailing negative economic environment, with RTGS$3.05 billion having been disbursed, against a target of RTGS $7.68 billion.

The breakdown is as follows, salaries RTGS$1.7 billion, Social Spending RTGS$64.6 million; and Capital Spending, RTGS$1.25 billion.

Minister Mthuli said with regard to financial re-engagement, seven out of nine Staff Monitored Structural benchmark targets have been met, including under Smart Agriculture financing.

Share

Recent Posts

Hwindi killed in $3 sex game gone wrong with passenger

A 37-YEAR-OLD tout from Birchenough Bridge died during sex with a passenger who did not… Read More

29th February 2024

The thrill of the chase: Sports betting in Ethiopia

Sports betting in Ethiopia is more than a pastime—it's a passion that captures the essence… Read More

29th February 2024

ZBC CEO suspended

The Board of Directors of the Zimbabwe Broadcasting Corporation has suspended the corporation’s Chief Executive… Read More

28th February 2024

Gvt tells journalists how to report on Gukurahundi hearings

The government through the Zimbabwe Media Commission (ZMC) has produced the "Gukurahundi Code of Conduct… Read More

28th February 2024

Virtual court hearings unconstitutional, Zim not ready for paperless court sessions- PLC report

In August last year the High Court Rules were amended by SI 153/2023 to allow… Read More

28th February 2024

Police recover cash and goods worth US$145,000 stolen from Quest Financial Services after arrest of 6 suspects

The Zimbabwe Police say they have recovered cash and property worth US$145,000 from six suspects… Read More

28th February 2024