Top Tweets for #MidtermBudgetReview
Government revenue collections reached ZiG 138.8 billion, while expenditure stood at ZiG 133.6 billion, resulting in a budget surplus. The surplus was used to service public debt and settle outstanding arrears owed to service providers. #MidTermBudgetReview
Ministry of Health and Child Care was allocated ZiG 28.9 billion under the 2026 National Budget to fulfil the Government's commitment to achieving universal health coverage. #MidTermBudgetReview
On financial inclusion, the figures don’t tell the whole story. Our people are trapped in an exploitative relationship with banks. #MidTermbudgetreview!
“ Zvakarongeka..”
A thumbs up from Professor Mthuli Ncube Finance, Economic Development and Investment Promotion Minister
- #MidTermBudgetReview 2025
Government, therefore, will prioritise enhancement of the ease of doing business through regulatory reforms, streamlined licensing processes and improved access to finance, aimed at creating a more conducive environment for private sector growth, innovation and job creation.
The 2026 Budget Strategy Paper is framed on the backdrop of the concluding phase of the National Development Strategy 1 (NDS1), which spans 2021–2025. NDS1 has been serving as the country’s inaugural five-year medium-term plan towards the achievement of Vision 2030.
#midtermfiscalpolicy #midtermbudget #midtermpolicy #nationalbudget #nds1 #budgetstrategypaper #midtermpolicyreview #macroeconomics #easeofdoingbusiness #vision2030 #zimbabwe
@classic263 @ZBCNewsonline @Min_of_IC @MthuliNcube01
@InfoMinZW @ZimTreasury @ZNCCNational @czionline @ParliamentZim
Govt is committed to Housing delivery as resources amounting to
ZiG1.1 million were channelled towards construction, upgrading
and rehabilitation of both residential and institutional
accommodation nationwide.
#midtermbudgetreview
@ZimTreasury @MoLGPWZim @InfoMinZW
"Defrauded public funds amounting to M18 million of M50 million have been recovered n 15 suspects were remanded in the courts.
Govt officials involved were suspended and disciplinary hearings for 4 of them were completed, 2 have been dismissed" Dr Matlanyane
#MidTermBudgetReview
The major drivers of the debt were losses from local currency depreciation which contributed around 12% increase to total debt as well as new borrowing from the domestic market with 5% contribution.
#MidTermBudgetReview
Public debt as of October 2022 was m22.2 billion, an increase of M3.3 billion in the first 7 months of the year.
The debt was made up of domestic debt of M4.6 billion and external debt of M17.6 billion. #MidTermBudgetReview
It is expected that by the end of the 2022/23 fiscal year, tax revenue will be short of its budget target by M531.26 million.
The expected shortfall in the tax revenue results from poor income tax collection performance, among others.
#MidTermBudgetReview
Dr Matlanyane says annual headline inflation accelerated to 9.2% in September from 5.4% observed in the same month of 2021.
As a consequence, these price developments have broadly increased the cost of living for most households.
#MidTermBudgetReview
In Sept 2022, the key sources of inflationary pressures came from elevated food and fuel prices. During this period, food and fuel inflation registered 10.2% and 14.5% respectively
- Dr Retšelisitsoe Matlanyane
#MidTermBudgetReview
#MidtermBudgetReview
Pay As You Earn (PAYE)
The tax free threshold has been reviewed from $300 000 to $600 000
#MidtermBudgetReview
Revenue enhancing measures
Finance and Economic Development Minister @MthuliNcube has proposed to increase the royalty on platinum to 5 percent
#MidtermBudgetReview
Revenue collection for 2022 projected at $1,7 trillion
#MidTermBudgetReview
Are we half way there?
#MidTermBudgetReview - So much was expected of the Mid-Term Budget and Economic Review given the current #COVID19 pandemic @CWGH1 @MthuliNcube @ProsperTM
#MidTermBudgetReview: A combination of consistency, shrewdness and boldness https://t.co/IFp1JlP4rY via @@ETimesZW
#zimbabwe
@thomas_mupfuka
Am watching Zimbabwe Parliament following #MidTermBudgetReview some MPs speak sense at times. #Zimbabwe
Surplus. Its not the general surplus we know. @MthuliNcube Can you clarify some issues in your budget through the use of social media platforms and using simple language that people who are not economists can understand better.
#MidTermBudgetReview #Zimbabwe
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