Zim has ZWL$9.8 billion budget surplus? In this COVID hit economy?!

Minister of finance Mthuli Ncube, budget surplus 2021 Q1

Earlier this week, Minister for Finance Mthuli Ncube said that Zimbabwe had a budget surplus of ZWL$9.8 billion in Q1 of 2021. A budget surplus is essentially the government making more money from income like taxes and the likes than it is spending.

Now there are many ways to interpret this especially with COVID-19 being an inescapable reality both on its impact on business and how it should influence government spending.

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Link to ZIMRA’s Q1 2021 report is in the link here

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Source: techzim.co.zw

Zim has ZWL$9.8 billion budget surplus? In this COVID hit economy?!