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Treasury Archives ⋆ Magamba Network
Increase health funding or we sabortage budget: MPs

By Pretty Chavango Legislators have told Finance and Economic Development Minister Patrick Chinamasa to to at least double the budget allocation for health or risk having his proposed 2018 national budget rejected. The health sector was allocated about US$408 million from the the budget in 2018 against a proposal of at least US$1.3 billion. Zimbabwe’s health sector is facing various challenges that range from operation, …

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Hon. Cross proposes tax on electronic transfers

By Daniel Chigundu Bulawayo South legislator Eddie Cross has urged Finance and Economic Development Minister Patrick Chinamasa to consider putting a 5 percent tax on all electronic transfers. Owing to the obtaining cash crisis in the economy, most people have resorted to using electronic transfers to make payments for goods and services. This has seen electronics transfer statistics rising astronomically to about US$180 billion in …

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2018 national budget is tribalistic: Hon Sibanda

By Pretty Chavango Binga North legislator Prince Dubeko Sibanda says some Parliamentarians who have never said anything in Parliament are victims of language barrier as they do not speak such languages as Shona, Ndebele or English which are mostly used during debates. Speaking during the 2018 Finance Bill debate in the National Assembly, Honourable Sibanda said the issue can only be solved by awarding Parliament …

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PDP warns Mnangagwa over price controls

By Daniel Chigundu PEOPLES Democratic Party (PDP) has warned government against controlling prices of goods adding that it will take the country back to a 2007 situation where shops were empty. Alarmed by the recent wave of price increases of basic goods in the country, Zanu PF politburo has since set up an Ad Hoc committee led by Vice President Constantino Chiwenga to deal with …

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Parliament demands US$100m from budget

By Daniel Chigundu Speaker of National Assembly Jacob Mudenda has insisted that the Parliament of Zimbabwe must be allocated US$100 million from the country’s 2018 budget for it to effectively discharge its oversight role. In 2017 Parliament experienced a lot of financial challenges in trying to effectively hold public meetings across the country and ended up going to a few places. Finance Minister Patrick Chinamasa …

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What Tendai Biti said in America (Testimony)

Zimbabwe at the Crossroads : A Chance for a New Beginning Testimony before the Senate Foreign Relations Subcommittee on Africa and Global Health policy Tendai Biti MDC Alliance Former Minister of Finance December 12, 2017 Thank you, Chairman Flake, Ranking Member Booker, and other members of the Subcommittee. We thank you for inviting us to this great center of American democracy. The 14th of November …

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CDF saga: MPs now demand US$75K

Daniel Chigundu Legislators have demanded that the Constituency Development Fund (CDF) which is currently pegged at US$50 000 be adjusted to US$75 000 because of inflation. Treasury has already marshalled about US$5 million in CDF funds to be disbursed to the 210 legislators as soon as the constitution for the fund has been adopted by Parliament. Speaking in the National Assembly, Norton legislator Temba Mliswa …

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Parliament refuses to approve Ndudzo …as MPs plead for Chiri to stay

By Daniel Chigundu LEGISLATORS from across the country political divided have rejected government’s choice Mike Ndudzo for Auditor General’s post, claiming he has a bad track record. According to the country’s laws, the President appoints the Auditor General with approval from Parliament. Speaking in the National Assembly during a motion to approve the appointment of Mike Ndudzo as Auditor General, Zvishavane Ngezi legislator John Holder …

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ZEC wants US$274m for elections

By Daniel Chigundu ZIMBABWE Electoral Commission (ZEC) chairperson Justice Rita Makarau has told Parliament that her commission requires about US$274 million to conduct the 2018 elections. Appearing before a Parliamentary Portfolio Committee on Woman and Gender, Justice Makarau told the legislators that her commission is ready to hold elections at any time they are announced and has since submitted a budget to the treasury for …

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Zanu PF making wrong moves …they simply must go: Musewe

By Daniel Chigundu ECONOMIST Vince Musewe says the ruling party Zanu PF is making wrongs moves politically and economically which are continuing to deepen the country’s crisis. Zimbabwe is going through its worst challenges since independence underpinned by the liquidity crunch, lack of foreign direct investment, massive company closures and high rates of unemployment among many others. The liquidity crisis for example has seen people …

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