2019 Mid Year Budget Review and Supplementary Budget Highlights
Budget Theme “Building a Strong Foundation for Future Prosperity” Transitional Stabilisation Programme Implementation Progress • Fiscal and monetary policy successfully shifted to a disciplined and sustainable regime. • The ‘twin-deficit’ was successfully tackled, and 2019 has so far seen consistent fiscal surpluses and a substantial improvement in the current account balance. • The current account, for the first time since 2009, registered a surplus in the first quarter of 2019. • Monthly revenue collections for the first six months amounted to ZWL$5.0 billion, against expenditures of ZWL$4.2 billion. • A cumulative budget surplus of ZWL$803.6 million was therefore realised in the first half of 2019. • Domestic debt declined from ZWL$9.5 to ZWL$8.8 billion - a reduction of 7.4%. • Comprehensive currency reforms are being implemented to restore independent monetary policy and to create further scope for enhanced competitiveness of exports and import substitution. • Month-on-month inflation averaged 12.4% in the first half of 2019 against 6.4% recorded in the last half of 2018. • Given substantial headwinds including damages caused by a major drought and cyclone Idai, the initially projected GDP growth is likely unattainable. • In order to build a track record of sound economic policies, Government has signed off on a Staff Monitored Programme with the International Monetary Fund to run from March 2019 to March 2020.
2019_Mid_Term_National_Budget_Highlights.pdf
Analysis of the 2019 National Budget: A social and Economic Justice Perspective
Introduction The 2019 National Budget was presented against a very tight fiscal space and the launch of the Transitional Stabilisation Programme (October 2018-December 2020), and the broader Vision 2030 which is premised on promoting private sector growth and attainment of middle income status. The budget whose theme is “Austerity for Prosperity” is underpinned by expenditure cutting and revenue enhancing measures through taxation. This budget analysis, therefore, makes an assessment of how the budget will impact the social and economic rights of citizens especially the most vulnerable groups. Both the revenue and expenditure patterns will be reviewed in accordance with the key social and economic sectors with a focus on social protection, health, education and agriculture. The paper presents the key highlights of the 2019 budget, particularly the projected revenues, expenditure and public debt. Deep analysis of the revenue and expenditure measures will be made to assess the implications on social and economic rights with a view to give specific recommendations on how best to enhance revenue collections and ensure transparency and accountability in public finance management. Click the link below for a complete analysis.
ZIMCODDs-2019-National-Budget-Analysis....pdf
Chitungwiza South Ward 24 Local Authority By-Election – Update
As part of its oversight mandate of promoting democratic electoral processes in Zimbabwe, the Zimbabwe Election Support Network (ZESN) will be observing the Chitungwiza South Ward 24 Local Authority by-elections penciled for the 26th of January 2018. The Chitungwiza South Local Authority Ward 24 seat fell vacant following the death of Alice Chihambakwe of the MDC Alliance who had won the seat in the July 30, 2018 Harmonized polls. Following the successful filing of nomination papers on the 7th of December 2018 to the Nomination Court by four political parties, the by-election shall take place in accordance with section 125 subsection 4 (b) of the Electoral Act [Chapter 2:13]. The contestants of the local authority seat are; Guvamombe Mercy of ZANU PF, Chagwada Yotam of MDC Alliance, Makovere Jane of MDC-T and Tsakeni Anderson of NCA. Read more bty clicking the PDF document below
Chitungwiza-Ward-24-By-election-UPDATE-1.pdf
UMC reaches out to Shungu Dzevana Trust
October 20, 2018 will be a memorable day for children and staff at Shungu Dzavana Trust Children’s Home who received goodies from the United Methodist Church Harare East District Cluster 3. The cluster is made up of United Methodist churches in Hatfield, Msasa Park, Prospect and Cranborne. It was a touching moment when children at the center recited poems and sang songs welcoming the church entourage. The church donated groceries, stationery and gas worth $1000. Leaders from cluster 3, who included Reverend Joseph Bonga, Reverend John Makaniko and Reverend Noah Chikuni took turns to applaud the great work done at Shungu Dzevana Trust Children’s Home particularly the center’s founder and director Sister Mercy Mutyambizi for creating a conducive and safe place for children. Read more
YWSS-Study-report.pdf
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