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Huge govt debt alarms economists

All NewsNews

Huge govt debt alarms economists

HARARE – Government’s insatiable appetite for borrowing has alarmed economists who warned that it amounts to mortgaging future generations. The country’s total debt stock is almost reaching $20 billion, excluding government’s indebtedness to former white commercial farmers whom it owes substantial amounts of money for land developments on seized farms. While the foreign debt stock…

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