Finance Minister, Tendai Biti, has ruled out holding elections this year. Biti told SABC the country's cash strapped treasury cannot afford to finance a poll in 2012.
President Robert Mugabe has repeatedly called for polls in 2012, almost a year ahead of schedule despite SADC's insistence on reforms first.
Mugabe has repeatedly said the money will have to be found for the polls arguing that a rocky coalition with rivals MDC will not go beyond 2012.