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ZIMRA Misses Quarterly Revenue Target


ZIMRA

The Zimbabwe Revenue Authority (ZIMRA) says it missed its $972 million target for the 2014 third quarter, managing to collect $885 million by the end of September.

According to the Sunday Mail, latest statistics from the authority show that ZIMRA missed its target by about nine percent.

Much of the revenue collected by ZIMRA is spent on civil servants’ salaries and other government needs.

Economist Godfrey Kanyenze of the Labour and Economic Development Research Institute of Zimbabwe says the government is failing to realize its target because of too many agents collecting revenue that eventually is failing to reach treasury.

Kanyenze said the government must also close revenue leakages, prioritize programs and learn to live within its means.

“It simply means that we are not doing anything to really address the real challenges that the economy is facing,” said Kanyenze.

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