Elliam Mutsata

Zimbabwean|Civil Servant|Farmer|Information Systems Auditor|SAP Consultant |Arsenal fc|Entrepreneur|Father|Husband

[Moe Chanda @MoeChanda]

Is our VAT too high or too low ?

Listen as Mr George Guvamatanga
Permanent Secretary in the Ministry of Finance, Economic Development and Investment Promotion responds to one of the questions posed during the Q&A Session

2026 Mid-Term National Budget Business Breakfast Forum

📸Monika Chanda
#MidTermBudget
#MidTermBudgetBusinessBreakfast
@DailyNewsZim @ZimTreasury CZI @ZNCCNational

[Moe Chanda @MoeChanda]

Scenes At The 2026 Mid-Term National Budget Business Breakfast Forum

Arrival of Finance, Economic Development and Investment Promotion Hon. Minister Professor Mthuli Ncube

📸Monika Chanda
#MidTermBudget #MidTermBusinessBreakfast
@DailyNewsZim @ZimTreasury @czionline @ZNCCNational @MthuliNcube01

[The Herald Zimbabwe @HeraldZimbabwe]

Permanent Secretary in the Ministry of Finance, Economic Development and Investment Promotion, Mr George Guvamatanga speaks on how Zimbabwe’s inflation has dropped to below 3 percent — the lowest ever recorded by Zimbabwe. He was presenting at the Office of the President and Cabinet Tripartite Strategic Planning Workshop in Kadoma today.
📹: Conrad Mupesa

[Ministry of Information, Publicity & Broadcasting @InfoMinZW]

AG Mrs. Chikwenhere spoke on the need to uphold Zimbabwe’s Constitution &to follow the guidance of international standards to stop leakages in Gvt &public entities. She also emphasized the importance of establishing good relations and collaborations to achieve positive outcomes.

[Nick Mangwana @nickmangwana]

Auditor General Mrs. Chikwenhere spoke on the need to uphold Zimbabwe’s Constitution and to follow the guidance of international standards to stop leakages in government and public entities. She also emphasized the importance of establishing good relations and collaborations to achieve positive outcomes.

The Auditor General also highlighted that part of her work is to verify the financial records of all public entities, provide assurance that what government collects and spends is supported by matching documents, and ensure that public funds are used for their intended purposes.

[MOFED&IP @ZimTreasury]

Officials from @Zimtreasury are currently holding a workshop to prepare for 2025 International Public Sector Accounting Standards (IPSAS)- Compliant Financial Statements.

The objective of this exercise is to come up with a clean audit report using the Public Finance Management System (PFMS).

This landmark exercise is crucial as the Government has mandated reporting entities to fully transition to the accrual-based IPSAS.

Unlike the previous "cash-based" accounting, the new framework requires the Ministry and all MDAs to recognize assets and liabilities, entailing that all Government assets (land, buildings, infrastructure) and liabilities (public debt, pensions) are to be recorded on Financial Statements.

This reporting architecture will enable the provision of a snapshot of what the Government owns and owes, a detailed look at revenue against expenses, and tracking actual cash movements, ensuring world-class fiscal transparency.

[MOFED&IP @ZimTreasury]

The IMF and the Government of Zimbabwe have reached a staff-level agreement on economic policies and reforms to be monitored under a 10-month Staff Monitored Programme (SMP), aimed at consolidating recent economic stabilisation gains.

The Minister of Finance, Hon. Prof. M. Ncube, and the Permanent Secretary highlighted that the timing of this agreement is critical, coming against the backdrop of sustained economic growth and stability, which strengthen the foundation of the SMP.

Zimbabwe’s economy continues on a growth trajectory, marked by the recent attainment of single-digit inflation of 4.1%, as well as prudent fiscal and monetary measures by Government.

N.B.: A press statement on the SMP to follow.

[MOFED&IP @ZimTreasury]

PRESS STATEMENT ON PRICE STABILITY: SINGLE DIGIT INFLATION

[MOFED&IP @ZimTreasury]

As the new year begins, the Accountant General’s Department, under the IPSAS Project Implementation Framework, this week conducted a workshop that brought together representatives of Ministries, Departments and Agencies (MDAs), alongside Treasury officials and technical experts. The workshop was timely and significant, providing an opportunity to reset priorities and refocus efforts on strengthening Public Financial Management reforms. Central to the engagement was a shared commitment to improving the quality and credibility of government financial reporting through clear guidance and coordinated implementation.

The objective of the workshop was to develop practical guidelines and implementation support to assist MDAs in preparing IPSAS-compliant financial statements. This objective was informed by Government’s progress toward full implementation of accrual-based IPSAS and the lessons drawn from the review of the 2024 Transitional Financial Statements. While improvements were noted, persistent weaknesses remained in areas such as accounting policies, asset and liability recognition, disclosures and the linkage between cash-based Treasury operations and accrual reporting. These gaps highlighted the need for clearer, more practical Treasury guidance as entities prepare their 2025 financial statements.

Discussions also focused on the changing nature of financial reporting under IPSAS. Statutory returns that were previously submitted as stand-alone reports by MDAs must now be fully integrated into IPSAS-compliant financial statements. This shift represents a fundamental change toward more coherent, consistent and internationally aligned government financial reporting, rather than a purely technical adjustment.

By the end of the workshop, participants had collectively developed clear guidelines and standardized templates to support MDAs in implementation. These outputs are expected to directly enhance the quality of the 2025 financial statements and strengthen public confidence in government financial reporting.

[MOFED&IP @ZimTreasury]

WORLD ECONOMIC FORUM 2026:
Hon. Minister Prof. Mthuli Ncube signals strong confidence in both domestic and global growth prospects, with health financing emerging as a key priority.

#WEF2026

[MOFED&IP @ZimTreasury]

@ZimTreasury Minister Prof. Mthuli Ncube puts tech, AI, and Digital Services Withholding Tax at the centre of the global conversation at WEF 2026.

#ATIMEFORDIALOGUE
#WEF2026

[MOFED&IP @ZimTreasury]

PRESS STATEMENT: CLARIFICATION ON THE DIGITAL SERVICES WITHHOLDING TAX

[MOFED&IP @ZimTreasury]

PRESS STATEMENT: CLARIFICATION ON SALARY DEDUCTIONS AND TREASURY REMITTANCES TO BANKS AND MICROFINANCE INSTITUTIONS

[PROFESSOR GIFT MUGANO (Ph.D) @gift_mugano]

Thumps up to @ZimTreasury for taking heed of our submissions on the 2026 budget

This morning, @GGuvamatanga advised me that @ZimTreasury took note of representations from the market & has reviewed tax measures as follows:

- Gold incentives,reviewed downwards to previous levels for Large scale miners and a slight increase for small scale miners
- Cash withdrawal levy has been completely removed
- ⁠Withholding Tax on Interest earned on foreign loans has also been completely removed
-The provisions linking capital expenditure deductions to life of mine as well as Limiting carry forward losses were also removed.
- Royalties on gold restored to previous levels

This is a clear demonstration of being a listening Government 👏👏👏

I also want to appreciate @czionline @fridaydrinks_ @HStvNews for providing premier dialogue platforms on budget reviews.

Most importantly, I would like to appreciate @MthuliNcube & @GGuvamatanga for rising up the tide and remaining focused and objective as the matters above were hotly contested👏👏👏

Together, we make Zimbabwe great.

[kudzanai @kudzie_sharara]

It seems a lot of people were left convinced that most of Treasury's actions are well thought out. It also came out clearly that most comments/analysis we do are because of limited information or out of ignorance.

[Tinashe @baba_nyenyedzi]

Wherever your thoughts may sway @GGuvamatanga has been a consequential Permanent Secretary in GoZ since 1980. This speaks volume of the man.

He will join us tomorrow for @fridaydrinks_ in our No Holds Barred conversation.

We thank him heartily for sharing a drink with us as we discuss the 2026 budget proposals presented to Parliament.

Do you want to guess what Madyira will be drinking?

[Mulakazuva4ED @MulakazuvaL]

Over 539.2 km of the Harare-Masvingo-Beitbridge Highway is now complete and open to traffic with only 43 km left to go. The project which part of the Emergency Road Rehab Program 2 (ERRP2) involves dualising, upgrading, and tolling the highway to boost regional trade and safety.

[ZTN @ZTNPrime]

#RoadUpdate
Bush clearing is now underway on the Mt Darwin–Mukumbura (Ndoda–Hondo) Road Construction Project.

#GetThePicture #Zimbabwe

[Judicial Service Commission of Zimbabwe @JSCZim]

Plumtree Regional Magistrate Ms Dambudzo Malunga presiding over a first trial through IECMS, this Wednesday.

[Jamwanda @Jamwanda2]

I ALWAYS LIKE THE WAY CHITOVA RAISES PENETRATING QUESTIONS FOR BUSINESS!!!!!