Biti shreds supplementary budget [Full text]

Harare East legislator Tendai Biti says the midterm budget review and supplementary budget presented by Finance Minister Mthuli Ncube is a fraud and a statement of misrepresentation of the state of the economic situation in Zimbabwe. Biti said the budget is not equal to the challenges that Zimbabwe is facing arguing that the Minister is …

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Accountant General didnt know his job: Biti

By Staff Reporter Public Accounts Portfolio Committee Chairperson Tendai Biti has told Parliament that the Accountant General in the Ministry of Finance Daniel Muchemwa was a lackadaisical man who did not know his functions. Muchemwa, when he appeared before the Committee, failed to answer various questions and also confirmed that he did not do most …

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Accountant General didnt know his job: Biti

By Staff Reporter Public Accounts Portfolio Committee Chairperson Tendai Biti has told Parliament that the Accountant General in the Ministry of Finance Daniel Muchemwa was a lackadaisical man who did not know his functions. Muchemwa, when he appeared before the Committee, failed to answer various questions and also confirmed that he did not do most …

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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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