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 …

The post Austerity is meant for Govt only: Mthuli appeared first on Open Parly.

Read more
Mthuli is misinformed, needs a lecture: Mangudya

By Daniel Chigundu Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya says Finance Minister Mthuli Ncube is misinformed and needs a whole workshop to be schooled on activities of the central bank. According to Ncube, the RBZ is engaging in too much quasi-fiscal activities and he wants them to be liquidated, however, Mangudya says there …

Read more
Ministries blew money without authority

By Daniel Chigundu Ministries were spending their budget allocations from as far as 2014 without authority to spend from Ministry of Finance leading to over expenditure, Parliament has heard. When Parliament approves a budget, the Accountant General in the Ministry of Finance is supposed to issue them with warrants to spend the money. The warrant …

Read more
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 …

Read more