Categories: Stories

Zimbabwe’s 2019 budget: The good, the bad, and the ugly

Despite years of promises to clean this up, it never happened. But from January 1, civil servants will be vetted via a biometric system, and will have to produce letters of employment, qualifications and ID. “The above system will ensure that every person being paid by Government for services rendered is properly accounted for.”

Ncube’s budget is stronger on public accounting than previous budgets have been.

He takes on several recommendations, ignored over the years, from the Auditor-General and Parliament’s budget office. One such issue is on the system of allowing government departments to keep a portion of the money they raise, without sending it to the consolidated revenue fund, the central pool of all the money that the government makes.

This system started in the hyperinflation era, when departments pleaded to be allowed to keep their money so that they could use it quickly, as bureaucracy meant that the money would lose value fast. But the Auditor-General has raised red flags over this many times; she has warned that the government may be losing millions due to mismanagement of these retained funds.

In fact, in one report, in 2016, she revealed that some ZRP stations were not even banking earnings from traffic fees. ZINARA had also misused millions in retained funds. A report last year by Parliament’s budget office said up to $1 billion might have been raised by departments, but the money never reached central government.

Ncube says there is a “fundamental weakness” in the retention scheme and all revenue must now go directly to the consolidated revenue fund. He will, however, need to cut out the bureaucracy to make sure that funds go quickly where they need to go, or else there would be disruptions to government operations.

Ncube even now restricts the use of government vehicles; civil servants can no longer use cars outside office hours for private business.

Continued next page

(1210 VIEWS)

This post was last modified on November 25, 2018 6:31 am

Page: 1 2 3 4 5 6

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

IMF says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated

The International Monetary Fund says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated…

November 8, 2025

Can anyone come to your farm and start mining? It depends.

The answer is Yes and No. It depends on the size of the farm. Mines…

October 24, 2025

IMF says Zimbabwe has the best performing economy in SADC

Zimbabwe has the best performing economy in the Southern African region this year beating regional…

October 21, 2025

Mnangagwa vs Chiwenga:Who owes who?

The ZANU-PF national conference that was being held in Mutare has raised the tempo on…

October 19, 2025

ZiG relatively extinct and largely irrelevant

Zimbabwe’s local currency the Zimbabwe Gold (ZiG) has become relatively extinct and largely irrelevant because…

October 14, 2025

What sleeping for less than 6 hours can do to you

Sleep is a vital restorative process with measurable effects on health and overall wellbeing but…

October 12, 2025