Govt explains car loan scheme

07 Dec, 2018 - 00:12 0 Views

eBusiness Weekly

Government will not allocate foreign currency to senior Government officials who will  benefit from the vehicle loan scheme, but will provide the money through  Real Time Gross Settlement in order to save scarce foreign currency, a  senior Government official has said.In the past the Government bought senior Government officials condition  of service vehicles, but it recently scrapped the facility as part of  broader austerity measures.

Finance and Economic Development permanent secretary George Guvamatanga, said recently the affected officials would, however, be allowed to import  their vehicles duty-free. — New  Ziana.

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