What is a budget consultation and why it is important

By James Martin The 2019 financial year has not been rosy for the Zimbabwean people after the country’s pseudo currency; the bond note drastically lost its value against the most preferred United States Dollar. Treasury and the Reserve Bank of Zimbabwe (RBZ) introduced several policy changes to bail the country’s economy but to no avail. …

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Parly to conduct public hearings on 2020 budget

The Portfolio Committee on Budget, Finance and Economic Development will conduct public hearings around the country on the 2020 National Budget from Monday 23rd September to Friday 27th September 2019. Attendance at the Public Hearings Members of the public, interested groups and organisations are invited to attend these hearings, meetings and express their views to the …

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Parliament begins 2020 pre-budget consultations

The portfolio committees mentioned below will be meeting in open session next week 16th to the 19th of September.  These committee meetings are all open and will be held at Parliament in Harare on the dates and at the times and venues within the Parliament building indicated below Monday 16th September at 9.30 am Public Accounts …

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Command Agriculture saga: Biti digs deeper.

By James Martin Treasury in 2018 paid USD$400 million to a funeral parlour called FSG to supply fertilisers and seed for the Command Agriculture program, the Parliamentary Portfolio Committee on Public Accounts has heard. This revelation comes barely two weeks after the Ministry of Agriculture professed ignorance to the US$3.2 billion which it is alleged …

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DOWNLOAD: Appropriation Supplementary Bill 2019 No.12

Consolidated Revenue Fund charged with $ 10 076 835 000 The Consolidated Revenue Fund is hereby charged with such sums of money as may be required for the service of Zimbabwe during the year ending on the 31st December 2019, not exceeding in aggregate the sum of ten billion seventy-six million eight hundred and thirty-five thousand dollars. DOWNLOAD: …

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Supplementary budget is inhumane and toxic: Chikwinya

Mbizo legislator Settlement Chikwinya says the supplementary budget presented by Finance Minister Mthuli Ncube on the 1st of August is inhumane and toxic because it fails to safeguard the social net. Chikwinya said Parliament cannot pass a budget that does a 500% increment of power tariffs, 100% increment in all other services but gives a …

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Convert civil servants salaries at interbank rate: Chinotimba [Full text]

Buhera South legislator Joseph Chinotimba has called on the Minister of Finance and Economic Development Mthuli Ncube to consider converting civil servants salaries using the interbank rate adding that what they are getting is accounting to nothing in the current economic situation. Chinotimba said when the country converted to the mono currency system they should …

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