IMF outlines threats to expenditure cut - The Nation Online

IMF outlines threats to expenditure cut - The Nation Online: IMF outlines threats to expenditure cut

IMF outlines threats to expenditure cut
Orama Chiphwanya
June 30, 2018
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International Monetary Fund (IMF) has described Treasury’s move to cut expenditure in the 2018/19 National Budget as not an easy goal, citing pressure to spend during elections as the major threat.

Ministry of Finance, Economic Planning and Development announced the revision of the fiscal deficit—the difference between total revenue and total expenditure of the government—by K50 billion from a total expenditure and net lending of K1 504 billion as provided in the draft budget to K1 454 billion.