3.12.2007
10:17
Country’s domestic debt balloons
HARARE:
THE country's domestic debt has increased to $12,5 trillion as at October 31 from $8,1 trillion in September of the same year.
Presenting the 2008 National budget on Thursday, the Minister of Finance, Samuel Mumbengegwi, said continued reliance on domestic financial borrowings was the reason behind the continued increase of the debt.
He also revealed that the country's total external debt stood at US$4,1 billion of which total external arrears amount to US$2,7
THE country's domestic debt has increased to $12,5 trillion as at October 31 from $8,1 trillion in September of the same year.
Presenting the 2008 National budget on Thursday, the Minister of Finance, Samuel Mumbengegwi, said continued reliance on domestic financial borrowings was the reason behind the continued increase of the debt.
He also revealed that the country's total external debt stood at US$4,1 billion of which total external arrears amount to US$2,7
Post published in: News