2017 National Budget Comments (Part 2) by Tapiwa Mashakada, MDC Secretary for Finance and Economic Affairs.

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The truth of the matter is that Chinamasa’s budget is just but an organized compendium of wish lists primarily because there is no fiscal space to accommodate the public sector investment program (PSIP) and departmental programs/operations. Here is the point: Budget Expenditures USD 4.1 billion = 28.2% of GDP Of which employment costs will take […]

Zimbabwe 2017 National budget: Comments (Part 1) by Tapiwa Mashakada

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The 1.7% forecasted growth rate for 2017 from 0.6% in 2016 will largely depend on the resolution of the liquidity crisis, a surge in productivity, confidence, macro-economic and fiscal stability. All these aspects are currently beyond Zanu PF’s control. The 2017 growth forecast was based more on thumbsucking not on any realistic macro-model. The projection […]

The 2017 National Budget Comments (Part 3) by Tapiwa Mashakada MDC Secretary for Finance and Economic Affairs

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In part 2 we looked at the macro-economic and fiscal framework. In this issue we look at Vote Allocations and identify the top 10 cost drivers:   . Pension – USD478 million . Primary and Secondary Education – USD783 million . Home Affairs – 384 million . Defence – USD357 million . Health and Child […]

President Morgan Tsvangirai’s statement to Zimbabwe ahead of the Warriors’ participation at the Afcon tournament in Gabon

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Beginning this coming Sunday, the senior Zimbabwe national soccer team goes into battle at the Africa Cup of Nations (AFCON) finals in Gabon against three of the continent’s football powerhouses in the form of Tunisia, Senegal and Algeria. As Zimbabweans, we should all temporarily switch off from our daily grind for survival and root for […]