Part I – Brief analysis of the context and past EU engagement
1. The State of Civil Society
During the month of July in 2019 NANGO held sensititaion meetings in Midlands, Manicaland and Mashonaland East. The aim of the meetings was to ensure that citizens are informed about the Transitional Stabilisation Program which was introduced by the Ministry of Finance in October 2018.
Zimbabwe is living through one of its worst winters; with no electricity and no fuel.
The Zimbabwe Congress of Trade Unions (ZCTU) is seriously concerned with negative effect of the 2019 Mid-Term Fiscal Policy Review and Supplementary Budget State
There is heightened public interest worldwide in the role of Non Profir Organisations. Good governance, effective risk management and honest performance reporting are not optional extras.
Inclusive spaces and partnerships for improved public accountability, transparency and effective development
1. The 2019 Mid-Year Budget Review seeks to update the nation at large on the performance of the economy during the first half of the year.
2. On the basis of recent developments, the Review outlines an updated Macro-Fiscal Framework, which underpins the proposed 2019 Supplementary Budget.
3. To the extent possible, contributions received from various stakeholders in Government, private sector and civic organisations, are acknowledged and appreciated in the crafting of this Review.
4. What is important is to remain steadfast in implementing key reforms, hence the theme for this Review: ‘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.
1. Mr Speaker Sir, I rise to present this year’s Mid-Year Budget Review, complying with section 7(2)(a) of the Public Finance Management Act.
2. The Review seeks to update this august House and the nation at large on macroeconomic developments during the first half of the year. On the basis of developments to date, the Review further outlines an updated Macro-Fiscal Framework, which underpins the proposed 2019 Supplementary Budget.
3. To the extent possible, contributions received from various stakeholders in Government, private sector and civic organisations, including critics, are acknowledged and appreciated in the crafting of this Review. Mr Speaker Sir, there is a saying by Michael Bassey Johnson (a writer) that “a bitter critic is the sweetest corrector”. It is, therefore, incumbent upon all of us to be tolerant of different views and freely participate in the reconstruction of this economy.
During the month of June NANGO members were affected differenly by introduction of SI 142, introduction of peace committees, launch of the ZAGP, closure of civic spaces among other things. Read all about it in this edition of #ICYMI.
More than six years after the adoption of the 2013 Constitution, most of Zimbabwe’s laws are still to be aligned with the substantive human rights and fundamenta
In October 2018, the Government of Zimbabwe introduced the Transitional Stabilisation Programme (TSP) to stimulate economic growth and stabilise the macro-economic environment in the country. The programme is from October 2018 to December 2020.