Articles tagged 'national budget'

'Budget fails education' 27 November 2018 HARARE - Civic Society Organisations advocating for access to Education under the Every Child in School campaign (ECIS) have accused government of neglecting pupils, in its 2019 Budget, by largely prioritising public service bills. This comes after Finance minister Mthuli Ncube revealed that t...
National Budget presentation delayed 23 November 2017 HARARE - Events surrounding the exit of Zimbabwe's former president Robert Mugabe have delayed the National Budget presentation which was scheduled for yesterday, November 23, 2017. According to legal and parliamentary watchdog, Veritas, the fast-moving events of the past week caused a change ...
'Chinamasa fiscal review an admission of failure' 23 July 2017 HARARE - Finance minister Patrick Chinamasa's mid-term fiscal policy review is “empty” and an “insult” to long-suffering Zimbabweans, which proves an admission of leadership failure, opposition parties said. Presenting his half year fiscal review in Parliament last week, the Treasury chief hig...
Govt in wage bill headache 3 July 2017 HARARE - Government is still struggling to contain its wage bill as it emerged that this expenditure accounted for 86 percent of its overheads in the first month of the year. President Robert Mugabe's administration, under pressure to live within its means, has previously pledged to lower its ...
Treasury to reduce TB issuance 12 December 2016 HARARE - Finance minister Patrick Chinamasa says government will next year undertake a restructuring exercise aimed at curbing the issuance of Treasury Bills (TBs) and prevent the sovereign paper from becoming a “surrogate currency.” A TB is a short-term debt obligation backed by a government ...
Stone broke govt hikes road fines 11 December 2016 HARARE - Long-suffering motorists should brace themselves for yet another steep hike in the cost of driving, with the country's broke government giving notice on Thursday that road traffic fines will rise significantly from early next year as desperate authorities look for revenue from all possib...
Millers hail Chinamasa 11 December 2016 HARARE - The Grain Millers Association of Zimbabwe (Gmaz) has hailed Finance minister Patrick Chinamasa's move to remove wheat flour from the Open General Import Licence (OGIL), saying it will help local companies grow. In a statement released on Friday, Gmaz chairperson, Tafadzwa Musarara, sa...
Broke govt mum on pay, bonuses 10 December 2016 HARARE - President Robert Mugabe's stone-broke government is heading for another big showdown with restive civil servants after both the nonagenarian and Finance minister Patrick Chinamasa doggedly chose to keep mum this week on salaries for December, as well as the promised year-end bonuses for ...
Zanu PF favours defence over health 10 December 2016 HARARE - Zimbabwe's collapsing public health sector, which has seen hospitals running out of drugs and potable water among other things, has once again been overlooked as a priority area by President Robert Mugabe's misfiring  government — which reduced its budget allocation despite the humungous...
2017 National Budget round-up 10 December 2016 HARARE - On Thursday Finance minister Patrick Chinamasa presented his 2017 National Budget in Parliament and below our News Editor Gift Phiri looks at some of the highlights.   Govt raise excise on paraffin Zimbabwe has raised excise duty on paraffin by 40 cents per litre, the Finance minist...
Budget confirms dying economy 9 December 2016 HARARE - Finance minister Patrick Chinamasa yesterday confirmed what we have been saying all along that the economy is on its deathbed. Once regarded as President Robert Mugabe's right hand man, but whose tenure at the helm of the country's Treasury has turned him into a pragmatic economist, s...
Chinamasa's headache 8 December 2016 HARARE - Finance minister Patrick Chinamasa is today expected to come up with some miracles to inject fresh impetus into Zimbabwe's ailing economy. Chinamasa's 2017 national budget presentation comes against the background of an increase in the closure and liquidation of scores of comp...
Chinamasa to present 2017 budget today 8 December 2016 HARARAE - Finance minister Patrick Chinamasa is set to unveil the 2017 national budget in Parliament today, with economic experts urging him to come up with an expansionist spending plan to revitalise the crisis-plagued economy. Chinamasa's 2017 budget presentation, which comes on the back of ...