Fiscal Policy FP 2018

Achieving fiscal and debt sustainability. May 4, 2018
In progress
Nov 2018

Zim achieved $29m budget surplus in October November 28, 2018

Zimbabwe achieved a budget surplus of $29 million last month, the first time in many years, Finance and Economic Development Minister Mthuli Ncube has said.

Oct 2018

Zimbabwean finance minister unveils plans to reduce national budget deficit October 26, 2018

The Zimbabwean Treasury has proposed to drastically reduce the national budget deficit in 2019: interventions include - limiting government borrowing from the central bank, tightening of Treasury Bills issuance and cutting travel and wage bills.

Oct 2018

Zimra surpasses Q3 revenue targets October 19, 2018

The Zimbabwe Revenue Authority (Zimra) has announced gross collections amounting to $1, 28 billion against a target of $1, 089 billion in the third quarter of this year, according to the latest quarterly revenue report. Net revenue collections for the third quarter improved by 22, 56 percent from the $967,76 million realised during the third quarter of 2017.

Sep 2018

Zimbabwe recovery requires comprehensive debt relief September 04, 2018

A CRITICAL first step towards the promised economic awakening of Zimbabwe will be comprehensive debt relief. President Mnangagwa and his new Government will need urgently to complete the technical analysis of Zimbabwe’s debt situation and assess the country’s long-term debt sustainability. This analysis must be followed quickly by policy actions to unlock commitments from the international community. Prof Mthuli Ncube

Sep 2018

Govt to Recalculate Interest On RBZ Debt September 04, 2018

Government will enlist the services of a consultant to recalculate interest on debts it contracted before 2013 with a view to identifying instances where it overpaid and enforce recovery of such amounts. The Ministry of Finance and Economic Development has since tendered for expression of interest by specialised debt interest recalculation service providers to evaluate payments on Reserve Bank debt assumed by Government.