While most of the parastatals, which have been given a freehand to operate on a commercial basis, are reported to be doing well, the amounts of long term loans they owe to the government are staggering.
The budget of the dreaded Central Intelligence Organisation, part of which is not subject to audit by the Controller and Auditor -General, has slightly been reduced indicating that reports that the organisation was being trimmed could be true.
The introduction of a special “temporary” drought relief payment of five cents a litre to dairy farmers from 1 August to 30 November to assist them through “this difficult time” should be a warning to consumers that another price increase is imminent.
Coper prices are expected to go up by 39 percent by the end of the year if the European economies emerge from the current recession.
While Zimbabweans are lamenting about high taxation rates made worse by the introduction of the drought levy, and excessive and rigid customs duties and regulations which seem to be aimed at discouraging imports, international agencies seem to be impressed with the country’s revenue collection system so much that Zimbabwe has just been chosen to host the United Nations Revenue and Adminstration Centre (UNRACA).
Regional cooperation was thrown out of the window when Fidelity Printers and Refineries, which is 100 percent owned by Zimbabwe’s Reserve Bank, failed to win a contract to print Namibia’s new currency, the N-dollar.