The 2019 Mid-Year Budget Review and Supplementary Budget

‘Building a Strong Foundation for Future Prosperity’ Presented to the Parliament of Zimbabwe by Hon. Prof. Mthuli Ncube Minister of Finance & Economic Development 1 August 2019 INTRODUCTION 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’. 5. The Review is contextualised against recent global economic developments broadly and more particularly on domestic economic developments and the key thrust of the 2019 National Budget.