Browsing tag
Zimbabwe’s new government promised to re-engage with international lenders, curb spending and attract investors to revive its battered economy, as it launched its first budget since the fall of Robert Mugabe on Thursday.
The assessments of the Zimbabwean government progress in achieving the then Millennium Development Goals (MDGs) have always been heavily hinged on the input by foreign development agencies. Experts are finding an emerging trend of serious gaps between the government’s social welfare strategies and its macro-economic policies. As Zimbabwe inevitably gain traction away from the current […]
If there is anything Patrick Chinamasa, the Minister of finance, achieved on Thursday, it was the acknowledgement of the fundamental problems faced by Zimbabwe today, the avoidance of introducing the Zimbabwe dollar and the clarification of the issues around indigenization.
Mavambo Kusile Dawn President, Simba Makoni has described as superficial and shallow, Finance Minister, Patrick Chinamasa’s $4,2 billion budget saying the financial plan does not reflect how government will steer Zimbabwe’s social and economic transformation for the benefit of the majority.
The government has turned to continental lender the Africa Import-Export Bank for a $100 million loan which will be used to prop up indigenous banks.
The main opposition MDC-T party on Friday hammered the 2014 national budget presented by Finance Minister Patrick Chinamasa arguing it will have a negative impact on the ordinary person “as it does not have measures in place to fund critical sectors that will improve the economy and the people’s livelihoods.”
Finance Minister Patrick Chinamasa on Thursday tabled a $4.4 billion budget in Parliament, at which he predicted the economy will grow by 6,4 percent in 2014. The 2013 budget was $3.8 billion.
The following is the full budget statement presented to the Parliament of Zimbabwe by Finance Minister Patrick Chinamasa.