18 January 2018
   
LATEST: Bennett in fatal chopper crash?
Discipline politically unruly chiefs: group
Polls in '4 to 5' months: Mnangagwa
$430k cocaine woman blames Brazil firm
Tobva tadii paya trio bailed after 3mths
Businessman fleeces clinic of $27,000
Soldiers deployed all over rural Zim: MDC-T
MDC-T’s Mudzuri begs ZCTU for support
MORE NEWS
Bond notes here to stay, says Chinamasa
South Koreans in $70m Zim agro-project
MORE BUSINESS
Hubby bashes Star FM anchor in love row
$18/yr subscr too much for musicians
MORE SHOWBIZ
Zimbabwe beat Sri Lanka in thriller
Caps bid to rehire star forward Nhivi
MORE SPORTS
A view beyond the Zimbabwe coup
'Shit-hole': Just Take moral high ground
MORE OPINION
 
Economy: the need for a paradigm shift
Trump rage ignores truth: A response
MORE COLUMNISTS
 
 
Treasury registers $3mln surplus in August despite fiscal pressures
14/11/2014 00:00:00
by The Source
 
 
RELATED STORIES

TREASURY has reported a budget surplus of $3 million for August driven by over the budget individual taxes and cuts in operating expenses despite missing aggregate revenue targets, according to latest official data.

The latest consolidated statement of financial performance of the consolidated revenue compiled by the Accountant General’s department shows that the state collected $305,969,354.68 million in revenue, which was below the target of $334 million.

But the government spent only $302,735,570.10 to leave Treasury with a $3 million surplus.

The tax agency Zimra collected $82 million from individual tax from a budgeted $63 million, making the tax head the main source revenue for the month.

While employment costs advanced to $174 million from a budgeted $162 million, travel and foreign expenses were kept under check.

About $2,5 million was used in foreign travels against a budgeted $2,9 million, while provisions for institutions stood at nearly $1 million from $3,5 million that was set in the budget.

Last month, Zimra said revenue collections for the third quarter of the year fell nine percent behind target after most revenue heads underperformed on the back of company closures and scaling down of operations.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker