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Parliament to debate Mid-Term Budget Review statement

The debate on the Mid-Term Budget Review presented by Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, is expected to commence today as Parliament resumes sitting following the Heroes Day and Defence…

Published: 19 Aug 2025 at 19:07hrs | 170 | by Staff reporter

FBC sees cautious recovery in Zimbabwe

Financial services firm FBC Securities says Zimbabwe's 2025 Mid-Year Budget and Economic Review points to a cautiously optimistic recovery trajectory, although tight fiscal and monetary conditions could slow domestic demand and private sec…

Published: 05 Aug 2025 at 14:38hrs | | by Staff reporter

Mnangagwa's office blows 81% of budget in 6 months

President Emmerson Mnangagwa's Office had already spent 81 percent of its 2025 budget by the halfway mark of the year, while the Ministry of Transport and Infrastructural Development exceeded its full-year allocation, spending 116 percent …

Published: 05 Aug 2025 at 12:19hrs | 6 | by Staff reporter

Zimbabwe raises US$25.4 million from sugar tax

Zimbabwe has raised ZiG685.8 million, equivalent to approximately US$25.4 million, from the sugar content tax between January and May 2025, with the funds earmarked for the procurement of critical cancer treatment equipment and medication.…

Published: 03 Aug 2025 at 18:56hrs | 208 | by Staff reporter

Economists slam Mthuli Ncube's budget

Economists have sharply criticised Finance Minister Mthuli Ncube's 2025 mid-term budget and economic review, accusing the government of failing to deliver the structural reforms needed to address Zimbabwe's persistent economic challenges. …

Published: 03 Aug 2025 at 09:59hrs | 272 | by Staff reporter

Zimbabwe's budget falls short of Abuja health target funding

Zimbabwe's 2025 Mid-Year Budget Review has again revealed the country's continued failure to meet the Abuja Declaration commitment of allocating at least 15% of the national budget to health, despite a modest rise in the sector's share of …

Published: 01 Aug 2025 at 13:42hrs | 235 | by Staff reporter

Mthuli Ncube commits to easing business costs

Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, delivered the 2025 Mid Term Budget Review Statement on Thursday, affirming Zimbabwe's economic recovery while unveiling measures to ease the cost o…

Published: 01 Aug 2025 at 08:43hrs | 176 | by Staff reporter

Mthuli Ncube declares surplus despite only 35% of budget spent

Finance and Economic Development Minister Mthuli Ncube on Thursday declared a budget surplus of ZWG3.3 billion for the first half of 2025, despite revealing that just 35.5% of the approved National Budget had been spent by mid-year.Present…

Published: 31 Jul 2025 at 15:46hrs | 278 | by Staff reporter

Call for budget for cancer control in Zimbabwe

Health stakeholders have called on the Zimbabwean government to urgently develop a clear budget and implement a coordinated response to support the newly launched National Cancer Control Plan (NCCP) 2025â€“2030, warning that without proper…

Published: 28 Jul 2025 at 08:48hrs | 1 | by Staff reporter

Mudenda calls for pro-poor budgeting to promote equity

Speaker of Parliament Jacob Mudenda has challenged legislators to ensure that public resources are equitably channelled towards programmes aimed at improving the livelihoods of citizens, emphasising the need for robust and critical analysi…

Published: 14 Jul 2025 at 15:57hrs | 177 | by Staff reporter

BCC starts 2025 budget review consultations

The Bulawayo City Council (BCC) has begun its 2025 budget review consultations with residents and stakeholders, with calls growing louder for the local authority to take community input seriously in shaping service delivery priorities.The …

Published: 10 Jul 2025 at 10:09hrs | 174 | by Staff reporter

South Africa's GNU at risk after parliament backs budget

South Africa's parliament approved a key piece of budget legislation despite objections from the second-biggest party in the coalition government, raising the risk of the alliance unravelling.The National Assembly approved the fiscal frame…

Published: 03 Apr 2025 at 07:57hrs | 277 | by Staff reported

Zimbabwe's Health ministry in budget quandary

The Ministry of Health and Child Care has called for a supplementary budget to mitigate the impact of the withdrawal of United States funding, particularly towards HIV and Aids programmes. The funding cut, which affected crucial health ini…

Published: 27 Mar 2025 at 06:18hrs | | by Staff reporter

Critical evaluation of the South Africa's 2025 Budget effect on the property market

The 2025 Budget presents a multifaceted impact on South Africa's property market, balancing fiscal stability, infrastructure development, and housing affordability with rising taxation, debt-servicing pressures, and economic headwinds. Whi…

Published: 14 Mar 2025 at 06:43hrs | | by Dr Bekithemba Mpofu

Zimbabwe Parliament resumes sitting

Parliament of Zimbabwe officially resumes sitting today after nearly two months of recess, with a significant legislative workload awaiting legislators. The two houses had adjourned in December last year following the passing of the 2025 n…

Published: 11 Feb 2025 at 06:39hrs | 258 | by Staff reporter

CCC, Zanu-PF MPs pass Mthuli Ncube's budget

The 2025 National Budget, designed to drive economic growth, enhance social protection, and build resilience, was passed by Parliament last Thursday after intensive debate that stretched into the early hours of the morning.Finance, Economi…

Published: 23 Dec 2024 at 05:41hrs | 288 | by Staff reporter

Mthuli Ncube's 2025 Budget to increase cost of doing business

Leading retailer OK Zimbabwe has expressed concern that the 2025 National Budget, as outlined by Finance Minister Prof Mthuli Ncube, will increase business costs, further exacerbating an already challenging operating environment.The budget…

Published: 20 Dec 2024 at 11:12hrs | 585 | by Staff reporter

Bulawayo City Council forced to revise 2025 budget

Following a heated meeting with business representatives, residents' associations, and other key stakeholders, the Bulawayo City Council (BCC) has been compelled to revise its proposed 2025 budget. The revision comes after significant crit…

Published: 13 Dec 2024 at 09:32hrs | 149 | by Staff reporter

29 local authorities miss budget submission deadline

Twenty-nine local authorities, including the Harare City Council, have failed to meet the November 15 deadline to submit their 2025 annual budgets to the Government. This delay could hinder budget approvals and jeopardize critical service …

Published: 01 Dec 2024 at 08:48hrs | 85 | by Staff reporter

Mthuli Ncube's budget is anti-people, anti-business and anti-Zimbabwe

Citizens Coalition for Change Statement on 2025 budget statement The recent national budget proposal exposes the Zanu-PF government's obnoxious penchant to compulsorily expropriate people's money to the last cent to fund the honchos lavish…

Published: 30 Nov 2024 at 13:28hrs | 98 | by Willias Madzimure

CCC veteran slams Mthuli Ncube's 2025 budget as 'anti-people'

Veteran opposition official and Member of Parliament for the Citizens Coalition for Change (CCC), Willias Madzimure, has strongly condemned the government's 2025 national budget, accusing it of extortionate taxation aimed at funding the ex…

Published: 30 Nov 2024 at 13:26hrs | 95 | by Staff reporter

Parliament apologises to Mnangagwa after budget speech power disruption

Zimbabwe's Parliament has issued an official apology to President Emmerson Mnangagwa and the nation after an embarrassing power outage occurred at the New Parliament Building during Finance Minister Mthuli Ncube's 2025 national budget pres…

Published: 30 Nov 2024 at 13:08hrs | 153 | by Staff reporter

2025 Budget: A shallow, hollow, narcissistic and dishonest anti-people ritual

THE 2024 budget statement was presented in backdrop of a tough and challenging year for the working people of Zimbabwe. A year in which the citizen had been abused by extreme levels of inflation, emasculation by a rigged exchange rate, ext…

Published: 29 Nov 2024 at 18:47hrs | 748 | by Tendai Biti

Mthuli Ncube squeezes taxpayers

Finance, Economic Development and Investment Promotion Minister, Mthuli Ncube, yesterday unveiled a set of new taxes aimed at bolstering government revenue in the 2025 national budget. The tax measures, set to take effect from January 1, 2…

Published: 29 Nov 2024 at 07:16hrs | 838 | by Staff reporter

CCC MPs strongly reject 'betting, pizza budget'

Opposition legislators have strongly rejected Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube's 2025 national budget, criticizing it for failing to address the country's pressing economic challenges. Ncube unv…

Published: 29 Nov 2024 at 07:13hrs | 475 | by Staff reporter

Parliament plunges into darkness during Mthuli Ncube's national budget speech

Electricity went off plunging parliament into darkness as finance minister Mthuli Ncube was concluding his 2025 national budget speech on Thursday.President Emmerson Mnangagwa was escorted out of the building in Mt Hampden as parliament's …

Published: 28 Nov 2024 at 15:40hrs | 290 | by Staff reporter

All eyes on Professor Mthuli Ncube

As Zimbabwe prepares for the presentation of the 2025 National Budget, all eyes are on Finance, Economic Development, and Investment Promotion Minister, Professor Mthuli Ncube. The Budget, which serves as a financial blueprint for the gove…

Published: 27 Nov 2024 at 08:13hrs | 1099 | by Staff reporter

Zimbabwe govt posts ZiG3,4bn budget deficit

GOVERNMENT has reported a ZiG3,4 billion budget deficit for the first nine months of the year owing to inflationary pressures and growing expenditure.Finance, Economic Development and Investment Promotion minister Mthuli Ncube said this du…

Published: 07 Nov 2024 at 07:13hrs | 280 | by Staff reporter

Bulawayo pegs 2025 budget at US$309m

The Bulawayo City Council (BCC) has unveiled a proposed budget of US$309 million for 2025, marking a 17% increase from the US$264 million budget for 2024. The proposal, presented by the Finance and Development Committee chairperson Mpumele…

Published: 30 Sep 2024 at 07:44hrs | 4 | by Staff reporter

Zimbabwe ranked 30th in budget survey

Zimbabwe's global position on the Open Budget Survey (OBS) has improved, with the country now ranked 30th out of 125 countries. The OBS, conducted by the International Budget Partnership (IBP), measures and compares transparency, public pa…

Published: 03 Aug 2024 at 12:55hrs | 145 | by Staff reporter

Mthuli Ncube backs down on taxes

The Zimbabwean government has removed value-added tax (VAT) from selected meat products, reduced presumptive taxes for informal traders, and mandated that all government service fees be paid in local currency. These measures aim to lower t…

Published: 26 Jul 2024 at 06:39hrs | 1603 | by Staff reporter

Zimbabwe improves on budget transparency ranking

Finance and Investment Promotion Minister Mthuli Ncube expressed great enthusiasm over Zimbabwe's notable advancement in the Open Budget Survey (OBS) rankings. The country achieved a score of 63 out of 100, placing it 30th among 125 nation…

Published: 24 Jun 2024 at 10:08hrs | 23 | by Staff reporter

US$6m budget for February by-elections

THE Zimbabwe Electoral Commission (ZEC) has set aside about US$6 million, or the equivalent in the local currency, for the February 3 by-elections to fill vacancies of six National Assembly seats and 28 local authority wards, it has been l…

Published: 07 Jan 2024 at 17:34hrs | 17 | by Staff reporter

Mthuli Ncube defends 2024 budget

FINANCE, Economic Development and Investments Promotion minister Mthuli Ncube has cold-shouldered critics of his 2024 national budget saying targeted revenue would assist ordinary Zimbabweans.Ncube presented a ZWL$58,2 trillion 2024 nation…

Published: 12 Dec 2023 at 05:55hrs | 28 | by Staff reporter

Mthuli Ncube's budget puts ZANU PF's strongholds at risk as VAT requirement threatens rural-owned businesses

In a move that is set to have significant repercussions in Zimbabwe's political landscape, Finance Minister Mthuli Ncube's new budget has introduced a requirement that manufacturers only supply goods to entities registered for Value Added …

Published: 07 Dec 2023 at 13:49hrs | 24 | by Andile Ncube

Mthuli Ncube defends proposed sugar tax

Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube has defended the proposed tax on high sugar content beverages, saying the revenue generated will go towards creating a cancer fund.Addressing a press co…

Published: 07 Dec 2023 at 05:25hrs | 26 | by Staff reporter

Siziva tears into Ncube's budget

CITIZENS Coalition for Change (CCC) deputy spokesperson Gift "Ostallos" Siziva has called on Finance, Economic Development and Investment Promotion minister Mthuli Ncube to reverse his decision to tax house owners arguing that the move wou…

Published: 05 Dec 2023 at 20:39hrs | 22 | by Staff reporter

Biti rips into Ncube's 'disastrous' budget

FORMER Finance minister Tendai Biti has described the 2024 budget as a disaster amid concerns that the proposed raft of taxes will deepen Zimbabwe's poverty levels and worsen the economic challenges.Finance minister Mthuli Ncube presented …

Published: 03 Dec 2023 at 17:33hrs | 24 | by Staff reporter

Mthuli Ncube's budget has strong traits of capitalism

THE Zimbabwe Congress of Trade Unions (ZCTU) has slammed the just passed 2024 National Budget describing it as largely anti-welfare.This follows the tabling of a ZW$58,2 trillion National Budget by Finance and Investment Promotion Minister…

Published: 02 Dec 2023 at 05:45hrs | 23 | by Staff reporter

Zimbabwe MPs urged to reject Mthuli Ncube's budget

ECONOMISTS have urged Finance minister Mthuli Ncube to redo the 2024 budget as the one he presented this week only serves to condemn the rest of the population to abject poverty.Ncube presented a ZWL$58,2 trillion 2024 budget on Thursday s…

Published: 02 Dec 2023 at 05:43hrs | 26 | by Staff reporter

Mthuli Ncube squeezes everyone

GOVERNMENT yesterday announced a cocktail of tax increases, pushing up the cost of living and ease of doing business after reviewing its 2024 revenue projection upwards by 22,22% to ZWL$53,9 trillion.In his 2024 national budget presentatio…

Published: 02 Dec 2023 at 05:42hrs | 26 | by Staff reporter

Mnangagwa warns businesses, miners over corruption

PRESIDENT Emmerson Mnangagwa yesterday warned business, industry and the mining sector against engaging in corruption saying his government would apply the law without "fear or favour".Mnangagwa said this while officially commissioning the…

Published: 30 Nov 2023 at 06:57hrs | 541 | by Staff reporter

Professor Ncube readies Zimbabwe's budget

AS Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, readies to present the 2024 National Budget tomorrow, expectations are high that it will consolidate prevailing macro-economic stability.In separat…

Published: 29 Nov 2023 at 05:08hrs | 26 | by Staff reporter

Mthuli Ncube's budget dilemma

DON'T tell me what you value, show me your budget and I'll tell you what you value:" Joe Biden.Ordinarily, Finance minister Mthuli Ncube should have presented the ZWL$47,8 trillion 2024 national budget on Thursday this week.This budget is …

Published: 25 Nov 2023 at 07:59hrs | | by Paidamoyo Muzulu

Bulawayo City Council proposes US$263 million budget

BULAWAYO City Council (BCC) yesterday proposed a standstill US$263 million gender-responsive budget for next year while prioritising service delivery and predicting a stable economic environment in 2024.The capital budget is pegged at US$9…

Published: 31 Oct 2023 at 05:37hrs | 13 | by Staff reporter

Debt financing to fund 2023 budget

Finance minister Mthuli Ncube says debt financing will be used to fund the $4,5 trillion 2023 national budget, raising concerns about money supply growth.Treasury expects $3,9 trillion in revenue supported by increased value-added and fore…

Published: 04 Dec 2022 at 08:11hrs | 12 | by Staff reporter

Mthuli Ncube splurges cash on teachers, farmers

FINANCE minister Mthuli Ncube on Thursday allocated the highest vote of ZW$631.3 billion to the education ministry in an attempt to appease restive teachers ahead of next year's general elections.The troubled Health and Child Care ministry…

Published: 29 Nov 2022 at 18:00hrs | 10 | by Staff reporter

Zimbabwe sets aside $1,2 billion for sports facilities

RENOVATIONS at the National Sports Stadium are set to be accelerated next year after the Government set aside ZW$1,2 billion for rehabilitation of sporting facilities across the country.The other facilities that will benefit from the budge…

Published: 25 Nov 2022 at 05:06hrs | 15 | by Staff reporter

Key priority projects allocated $1,1 trillion

Key infrastructure projects such as the Harare-Beitbridge highway upgrade and construction of Lake Gwayi-Shangani, have been allocated $1,1 trillion as the Government moves to accelerate their completion and drive sustainable economic grow…

Published: 25 Nov 2022 at 05:04hrs | 11 | by Staff reporter

BCC unveils US$158m budget

BULAWAYO City Council (BCC) yesterday unveiled its US$157,99 million revenue budget and is proposing to set aside US$106 million to fund key infrastructural development projects that include construction of classroom blocks, clinics, servi…

Published: 01 Nov 2022 at 05:07hrs | 10 | by Staff reporter

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