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Finance minister, Tendai Biti says the country recorded a budget surplus of $30 million for 2011 attributed to increased revenue inflows.
“The preliminary annual statements for financial performance for the year ended 31 December 2011 indicates total revenue at $2, 9 21 million and the total expenditure at $2,89 million, resulting in an overall 2011 Budget surplus of $30,4 million,” Biti said.
“This outturn allowed for Government to post a small positive opening balance which became available for supporting Budget expenditures in January 2012, mainly salaries and pensions payments, at a time when revenue inflows are seasonally low,” he said.
“The preliminary annual statements for financial performance for the year ended 31 December 2011 indicates total revenue at $2, 9 21 million and the total expenditure at $2,89 million, resulting in an overall 2011 Budget surplus of $30,4 million,” Biti said.
“This outturn allowed for Government to post a small positive opening balance which became available for supporting Budget expenditures in January 2012, mainly salaries and pensions payments, at a time when revenue inflows are seasonally low,” he said.
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