Tag: Budget

News Day: Zim needs new thinking

News Day: Zim needs new thinking

FINANCE minister Patrick Chinamasa last Thursday presented the 2016 National Budget where he indicated he had set aside $4 billion for the coming year. It would, however, appear that next year’s budget is somehow more or less the same as the previous three or so years. For the year 2013, former […]

Zimbabweans say little to expect from Chinamasa budget

Zimbabweans say little to expect from Chinamasa budget

AN air of resigned pessimism appears to grip the country ahead of Thursday’s 2016 national budget presentation by Finance Minister Patrick Chinamasa in parliament. Chinamasa is expected to try and tame the civil service wage bill which is chewing the greater chunk of the national purse. He is also expected […]

Zimbabwe: Chinamasa’s Tough Budget Balancing Act

Zimbabwe: Chinamasa’s Tough Budget Balancing Act

FINANCE and Economic Development minister Patrick Chinamasa presents the 2016 National Budget on Thursday amid very little inflows to Treasury due to the prevailing economic downturn. Latest statistics from the Zimbabwe Revenue Authority show that revenue collected in the third quarter ended September 30 was $878,22 million against a target of […]