Austerity is meant for Govt only: Mthuli

By Daniel Chigundu  Finance Minister Mthuli Ncube says “Austerity for Prosperity” is targeted at government alone and does not extend to the private sector and individuals. Austerity for Prosperity is the theme for the 2019 National Budget presented by Minister Ncube and which has generally been criticised by some economists and politicians who believe it …

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Supplementary budget set for July

By Daniel Chigundu Ministry of Finance and Economic Development has told Parliament that it is going to present its supplementary budget for 2019 in July together with a budget review. In previous years treasury has been using more money than what would have been approved by Parliament through the Budget Bill a development which is …

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Committee pleads for US$100m digitalisation funds

By Daniel Chigundu The Parliamentary Portfolio Committee on Information, Media and Broadcasting Services has appealed to both treasury and Parliament for the allocation of US$100 million to TransMedia for the completion of the digitalisation program. Digitalisation which has missed both the regional and international deadlines has so far gobbled about US$40 million and requires an …

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2% tax is paying for subsidies: Guvamatanga

By Daniel Chigundu Permanent secretary in the Ministry of Finance and Economic Development George Guvamatanga says the 2 percent tax is necessary as it will fund subsidies that Zimbabweans enjoy. The government introduced a 2 percent tax earlier this month which is levied on all electronic transactions across all platforms. Under the tax, the government …

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2% tax is paying for subsidies: Guvamatanga

By Daniel Chigundu Permanent secretary in the Ministry of Finance and Economic Development George Guvamatanga says the 2 percent tax is necessary as it will fund subsidies that Zimbabweans enjoy. The government introduced a 2 percent tax earlier this month which is levied on all electronic transactions across all platforms. Under the tax, the government …

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Harare Mayor blocks Ipads request

By Daniel Chigundu Harare Mayor Councillor Hebert Gomba says he has managed to block an unreasonable request for Ipads by councillors at a time when the council is facing financial challenges to effectively discharge its duties. The city council has been failing to provide clean water, collect garbage and even repair broken sewer pipes due …

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