Understanding the Parliamentary Budget Process

The Budget Process Parliamentary budget oversight is at the heart of Executive oversight. Strong Parliamentary budget oversight is one of the mechanisms to promote a socially accountable governance system. Importance of the Budget The budget governs the allocation of scarce resources. A budget is a plan for acquiring resources (revenue) and how these resources will …

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Air Zim will take-off in 2020 says Mthuli

By Staff Reporter Finance Minister Mthuli Ncube has told Parliament that the struggling national carrier Air Zimbabwe will take-off in 2020 and will be having about 4 aircraft. Air Zimbabwe is currently operating one aircraft which is said to be old and is constantly breaking down forcing the airline to cancel or delay flights. Apart …

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Mthuli agrees to set aside equipment budget for defence in forex

By Staff Reporter Finance Minister Mthuli Ncube has agreed with Parliament to set part of the defence budget in foreign currency adding that the call is genuine. Legislators argued that since Air Force of Zimbabwe requires various materials and equipment which are not manufactured in the country there was a need to set part of …

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Guvamatanga was in SA looking for material for police uniforms

By Staff Reporter Permanent Secretary in the Ministry of Finance and Economic Development George Guvamatanga was recently in South Africa looking for material to make police uniforms. This was revealed by Minister Mthuli Ncube in the National Assembly during the 2020 National Budget where some legislators have been calling for improved conditions of service for …

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Include forex on Defence budget for 2020: Mayihlome

By Staff Reporter Portfolio Committee on Defence, Security and Home Affairs chairperson Levi Mayihlome has called on Finance Minister to consider including foreign currency on the budget allocation for defence in 2020 arguing that there might need to buy warplanes and their spare parts from outside the country. Speaking during the 2020 budget debate in …

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Mthuli refuses to increase CDF from ZW$175k

By Staff Reporter Finance and Economic Development Minister Mthuli Ncube has refused to increase the Constituency Development Fund (CDF) from the current ZW$175 000 arguing that the amount is adequate if it is effectively used. The concept of the CDF was introduced during the time of the inclusive government with the aim of enabling legislators …

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Legislator urges Mthuli to maintain 2% tax

By Staff Reporter Shamva South legislator Bramwell Bushu (Zanu PF) has called on Finance and Economic Development Minister Mthuli Ncube to maintain the unpopular 2% tax arguing that the government needs the money to finance its activities. Speaking in the National Assembly during the Finance Bill Budget Debate, Honourable Bushu said the government has been …

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No consistencies, no guarantees, 2020 budget is a moving target

By Staff Reporter Seasoned economist Gift Mugano has trashed Mthuli Ncube’s budget which was presented last week arguing that it lacks consistency adding that there is no guarantee that it will be the same by the end of December 2020. Minister Ncube had promised a ZW$29 billion budget for 2020 but a few weeks later …

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2020 Budget: We carry a burden of the past

By Persistence Gwanyanya Correspondent It is now very clear for everyone to see that only long-term solutions can deliver Zimbabwe from its economic ills, which are largely structural in nature. While there appears to be an understanding of the urgency of economic reforms by the treasury, it seems we underestimated the depth of our challenges, …

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