In order to reduce the revenue expenditure, the struggling Zimbabwean government has decided to cut nearly twenty-five thousand public sector jobs. It is aimed at saving at least one-hundred and eighteen million US dollars by reducing the revenue expenditure. As per the report, the government has also cancelled the annual bonus system, enjoyed by the public servants. The country is presently undergoing a hard economic crisis. During mid-2008, the African nation fell into a pool of hyper-inflation. The economic crisis severely shattered the country’s public and privet sectors equally. From a report presented in the parliament by the Zimbabwean finance minister, it is learned that the country is presently spending nearly ninety-seven per cent of the collected revenue to pay the government wages. The report reportedly added that the finance ministry is sincerely trying to bring down the expenditure to around seventy-five per cent. Notably, the preponderance of the dismissed employees was the employees of the state-owned newspaper, Herald. Earlier, in July, the government employees went on an indefinite strike over the delay in the payment of the salaries. It was one of the most violent strikes that the country had ever witnessed. The opposition parties allege that the inefficient policies of the government and the growing corruption are the prime reasons for the economic crisis. Denouncing the allegations, the Zimbabwean President, Robert Mugabe, claims that the sanctions, imposed on the country, is the main reason for the economic crisis. Moreover, the supremo expressed extreme hope over the expenditure regulations introduced by the government.
Vignesh
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