
The Zimbabwe Government has finally succumbed to pressure to cut recurrent expenditure and an unsustainable wage bill, currently gobbling over 96% of the US$4 billion budget, by adopting a raft of measures, including slashing salaries of cabinet ministers and other employees, closing embassies, cutting foreign trips as well as implementing a massive retrenchment exercise. READ MORE OF THIS STORY
SOURCES: NEWS Now/The Zimbabwe Independent Online
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