'Illicit financial flows lead to budget deficit'

'Illicit financial flows lead to budget deficit'
Published: 11 July 2018
The Zimbabwe Coalition for Debt and Development (Zimcodd) says lost revenue through illicit financial flows (IFFs) has far reaching consequences on the fulfilment of social and economic rights as it hinders government's ability to fund critical economic areas.

This came as Zimbabwe is said to be losing nearly $1 billion to IFFs annually.

In a statement yesterday, Zimcodd said IFFs were affecting ordinary Zimbabweans who are struggling to get access to health, food, education and other social services.
- Newsday
Tags: Budget,


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