Wednesday, March 14, 2012


Finance Minister Tendai Biti has cautioned the federal government could shut lower, as new gemstone sales in the questionable Marange fields are falling far lacking anticipation.

"Diamonds need to deliver, otherwise the only real factor we'll have the ability to do would be to pay wages, meaning government will virtually close lower," Biti told a news conference.

"That's an unacceptable situation, that's a poor situation and that is reason to be concerned because we're again to times of a fragile condition that can't take care of its people when it comes to education, health, streets and water that is clean.Inch

Zimbabwe anticipated $US77.5 million ($74 million) from gemstone sales throughout the very first two several weeks of the season, only received $19.5 million, Biti stated, attributing the shortfall that there is not any gemstone auction forever of the season.

In the plan for this season, Biti forecasted earnings of $US600 million for 2012.

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