Ashly DhaniMichael Tome
GOVERNMENT has no intentions to temper with remittances and will continue treating them as free funds, Finance, Economic Development and Investment Promotion Secretary, George Guvamatanga has said.
According to the Government, these free funds include funds from NGOs, funds for diplomatic missions salaries and other uses as well as remittances.
While addressing Zimbabwe Economic Society and Friedrich-Ebert Stiftung (ZES/FES) Breakfast Meeting which focused on Mid-Term Fiscal Policy review, Guvamatanga said tempering with free funds will cause a major and unnecessary disruption in the market.
“For years’ remittances in this country have been treated as free funds “It is your money” it is given to you in the form you want and you use it as you, please. The Government has no intention whatsoever to change that position.
“We have no intention whatsoever to temper with anything called free funds and that is the Government’s official position,” said Guvamatanga.
“Free funds will remain free.”
The Permanent Secretary was setting record straight after recent sentiments that the Reserve Bank of Zimbabwe was looking at ways of bringing remittances into the banking system.
Bongani Ndlovu