Jane Mlambo| Minister of Finance and Economic Planning, Professor Mthuli Ncube has committed to limit the abuse of the Reserve Bank of Zimbabwe (RBZ) overdraft facility which as at the end of August had exceeded the statutory limit of US$762.8 million to stand at US$2.3 billion, raising fears that government could be spending what it did not work for.

In his Fiscal policy framework announced yesterday, Prof Ncube said government will effectively limit use of the facility and curtail RBZ advances to the central government in line with Reserve Bank Act which states that borrowing from the Reserve Bank shall not exceed 20% of the previous year’s revenue.

He added that treasury is engaging the Paris Club creditors to restructure the US$2.8billion owed to them, highlighting that debt resolution will aid in restoring Zimbabwe’s international credit standing which will result in improved access to new external credit lines and investment flows.

Former Finance Minister, Tendai Biti popularized the mantra that government should eat what it kills, saying that there should be no room for eating an elephant meat after killing a rat.