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Happy and Prosperous 2014.

Wishing you all my friends a very happy, pleasant and prosperous 2014. Remember to trust your intuition, to do the right thing and never miss the VALUE 4 the Money!!!

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Zimbabwe’s limited fiscal space is constraining agricultural growth and development

Defining fiscal space Fiscal space is defined by the balance between government revenue (i.e. tax), denoted by T and government expenditure, denoted by G, through time. For instance, if G < T, then there is a fiscal surplus, but if G > T, then there is a fiscal deficit. A sustained or perpetual deficit through time results in build-up of annual deficits, leading to an unsustainable high debt. With a high level of debt, the government cannot borrow on the international market, and its ability to finance future deficits, i.e. the fiscal space is limited. 
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Fiscal space is constraining agricultural growth The…

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