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Zimbabwe Parliament resumes sitting

by Staff reporter
26 Nov 2024 at 17:48hrs | Views
Parliament resumed sitting on Tuesday after a week-long break, which was taken to accommodate the Sadc Extraordinary Summit of Heads of State and Government hosted at the new Parliament Building in Mt Hampden. The summit brought together regional leaders to discuss key issues affecting Southern Africa, but as the focus shifts back to domestic affairs, Parliament is now gearing up for a major event this week.

The highlight of the current Parliamentary session is the presentation of the 2025 National Budget, which will be delivered by the Minister of Finance, Economic Development, and Investment Promotion, Professor Mthuli Ncube, on Thursday.

The budget presentation is one of the most anticipated events in the legislative calendar, as it outlines the government's financial plans, including revenue targets, expenditure priorities, and economic projections for the coming year. The 2025 National Budget is expected to address key issues such as infrastructure development, social services, and the management of Zimbabwe's growing public debt.

Analysts and lawmakers are keen to see how the Minister will balance fiscal discipline with the need for economic stimulus in light of the challenges posed by inflation, unemployment, and external debt. Additionally, there will be increased attention on the government's strategies to promote economic growth, attract foreign investment, and strengthen the country's macroeconomic stability.

As Parliament continues its business, all eyes will be on the finance minister's presentation and the subsequent debates that will shape the financial direction of the country in the year ahead.

Source - The Herald