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George Guvamatanga HARARE – Public finances have been in perfect health for a good period now, amid revelations that Treasury has maintained surpluses in excess of $6 billion on its accounts at the Reserve Bank of Zimbabwe (RBZ) over the last 12 months. The bulk of surplus funds held by Treasury have gone towards emergencies like drought (maize, wheat imports), natural disasters (Cyclones Idai, Kenneth), Covid-19 and capital projects (dams and roads). Finance and Economic Development Permanent Secretary, Mr George Guvamatanga, told an RBZ 2021 monetary policy review webinar early this week that with unbreakable fiscal discipline, Treasury had long abandoned costly recourse to the central bank window.

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