The record tumbles

3 12 2007

While I was away in South Africa last week, the new budget for 2008 was announced. I am told it holds the world record in terms of numbers ($7.84 quadrillion forecast expenditure – go work it out for yourself!) but definitely not value. My next door neighbour tells me that the biggest single item was allotted to the election next year, some 220 trillion Zim dollars. That’s $220,000,000,000,000. I doubt that it will be used to organize a well run free-and-fair election but more of a let’s-win-at-any-cost sort of election. The unit used – was the trillion.

Oh, divide by 1.6 million to get the cash to US dollar rate and 3 million to get the transfer rate. That’s valid for the next day or two only.

Advertisements

Actions

Information

3 responses

4 12 2007
Tuppit

How long before it all collapses?
Or should that be past tense?

4 12 2007
Big Blister

On this side of the pond we are accustomed to those sorts of numbers – in our national debt. But then, your billion is our trillion…

15 12 2007
Matt C

As Sen. Everett Dirksen once said about the the U.S. Budget process, “A billion here, a billion there, and pretty soon you’re talking about real money!”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




%d bloggers like this: