Financial Times FT.com

Africa

Mugabe in spending spree to win votes

By Tony Hawkins in Harare

Published: March 23 2008 17:22 | Last updated: March 23 2008 17:22

The Zimbabwe government under President Robert Mugabe has embarked on a borrowing and spending spree ahead of Saturday’s presidential and parliamentary elections.

In the six weeks to March 7, government debt increased 65-fold from Z$25,000bn to Z$1,600,000bn (£26bn, US$53bn, €34bn), according to official figures.

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