Zimbabwe's finance minister dropped a budget that basically screams how broke the country actually is. The government can only scrape together 9.5 billion dollars for everything next year, which gets completely embarrassing when you realize one South African grocery chain pulls in 12 billion annually. Defense and security grab nearly as much cash as education, while hospitals are literally falling apart, and cholera keeps coming back because the water systems are destroyed.
The budget jacked up VAT during a total economic meltdown and banks on wildly optimistic growth projections that assume perfect rainfall and stable currency. There's zero plan for dealing with 23 billion in debt or fixing the corruption problem, and the country is basically surviving off money sent back by people who fled. Mining taxes quietly got bumped up through new royalty systems and pricing methods, but nobody's explaining where that mineral money actually goes or how it gets spent.
The budget jacked up VAT during a total economic meltdown and banks on wildly optimistic growth projections that assume perfect rainfall and stable currency. There's zero plan for dealing with 23 billion in debt or fixing the corruption problem, and the country is basically surviving off money sent back by people who fled. Mining taxes quietly got bumped up through new royalty systems and pricing methods, but nobody's explaining where that mineral money actually goes or how it gets spent.
