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Government's fiscal policy will put emphasis on strong fiscal discipline, accountability and transparency for the restoration of macro-economic stability.

In Progress

Red flagging of suspicious accounting records by the Auditor General's Office.



Dec. 30, 2019

Auditor-general Mildred Chiri has raised  a red flag over the Zimbabwe Manpower Development Fund (ZIMDEF)’s non-compliance to International Accounting Standard 21 in respect of its 2018 financials.

IAS 21 outlines how to account for foreign currency trans­ac­tions and op­er­a­tions in financial state­ments, and also how to translate financial state­ments into a pre­sen­ta­tion currency.


Previous Updates

Upward revision of National Budget by 30% to curb inflation



Nov. 5, 2019

Government has revised 2020 expenditure ceiling from $28 billion by over 30 percent in light of inflation and the need to grow the economy. This was said by Finance and Economic Development Minister Professor Mthuli Ncube in a report titled “2020 Pre-Budget Parliamentary Consultation Meetings; October 30 to November 4, 2019”.

The 2019 Budget will focus on addressing fiscal and current account deficits.



Oct. 1, 2018

The economy is showing signs of recovery albeit with a number of challenges and risks. Indications are that, the economy will grow by 6.3% against the original Budget projection of 4.5% and 4.8% estimated for 2017. With this projected growth Zimbabwe will join the “6% club” of African countries growing at more than 6% per annum. However, the quality of the growth, which is primarily being driven by two sectors of agriculture and mining is obviously not inclusive.