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Treasury cracks down on budget overruns

The Treasury has moved to clamp down on unplanned spending across ministries, departments, and agencies (MDAs) following persistent budget overruns and opaque expenditure that have forced the government into increased borrowing, raising al…

Published: 11 Sep 2025 at 13:29hrs | | by Staff reporter

US$0.597 billion paid by Zimbabwe Treasury unaccounted for

The latest report from Zimbabwe's Auditor General has exposed serious violations of public finance management laws, revealing that more than US$597 million in Treasury payments remain unaccounted for as of June 2025. The funds were paid by…

Published: 06 Aug 2025 at 21:21hrs | | by Staff reporter

Treasury delists defaulting suppliers, bans pre-payment of services due to non-delivery

The Ministry of Finance and Economic Development has blacklisted a number of suppliers who failed to deliver goods and services after receiving advance payments from the government, Permanent Secretary George Guvamatanga has confirmed.Spea…

Published: 30 May 2025 at 08:50hrs | 63 | by Staff reporter

Treasury launches last-ditch push to stabilise Zimbabwe economy

Zimbabwe's Treasury has embarked on a last-ditch effort to stabilise the country's fragile economy, amid growing fears that policy inconsistency, inflation, and currency volatility could derail industrial recovery and drive businesses into…

Published: 22 May 2025 at 11:33hrs | | by Staff reporter

Treasury posts ZiG3,46bn surplus in first 4 months

The Treasury has recorded a surplus of ZiG3.46 billion during the first four months of the 2025 fiscal year, driven by disciplined cost containment and punctual debt servicing.While this surplus falls short of the ZiG7.18 billion originall…

Published: 19 May 2025 at 09:27hrs | 209 | by Staff reporter

Mthuli Ncube to clear ZiG57m BEAM arrears

The Government has pledged to clear ZiG57 million in arrears owed to the Basic Education Assistance Module (BEAM), following a recent directive from the ruling Zanu-PF party to settle outstanding debts. The directive, issued at Zanu-PF's 2…

Published: 14 Nov 2024 at 09:23hrs | 96 | by Staff reporter

Mnangagwa tightens his grip on levers of Zimbabwe's Treasury

WITH his close business ally John Muyashavanhu now confirmed as the incoming Reserve Bank of Zimbabwe (RBZ) governor, George Guvamatanga as Finance permanent secretary â€” chief accounting officer of the ministry â€” and his son David Kuda…

Published: 12 Dec 2023 at 17:58hrs | 7 | by Staff reporter

Mnangagwa's govt turns to Treasury bills, bonds

THE cash-strapped government is likely to print money to finance its $575,5 billion budget deficit, economic analysts warned yesterday after Finance minister Mthuli Ncube announced next year's $4,5 trillion national budget.Presenting the b…

Published: 25 Nov 2022 at 05:12hrs | 2 | by Staff reporter

Mthuli Ncube's speech to AfDB boards of governors - Fulltext

Speech by the minister of finance and economic development, Hon. Prof. Mthuli Ncube during the 2019 annual meetings of the boards of governors of the African Development Bank Group: Malabo, Republic of Equatorial Guinea1.   &nbsp…

Published: 16 Jun 2019 at 20:03hrs | | by Mthuli NCube

UN and AU should intervene to force Mnangagwa and his military junta out

As each day passes, the international community in general, and Zimbabweans in particular, are becoming more and more aware that what happened in November 2017 was not a peaceful transition of power - when the military intervened to remove…

Published: 28 Mar 2018 at 12:30hrs | | by Kudakwashe Sheddy Marangwanda

Will the KP green light increase remittances to Treasury?

The clearance of Marange diamonds for export by the Kimberley Process has understandably met with mixed reaction, with celebrations in Zanu-PF quarters and murmurs in civil society circles.The KP appears to have succumbed to Zanu-PF's high…

Published: 03 Nov 2011 at 12:31hrs | | by Clifford Chitupa Mashiri

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