Zimbabwe’s priorities for 2022


0

Zimbabwe will next year be reinforcing ongoing policy measures towards domestic economic recovery and incomes as well as facilitating economic growth and expanding the country’s productive capacity, Finance Minister Mthuli said last week.

He said this when he presented his 2022 budget strategy paper on Thursday. The paper, he said, was meant to guide debate about the budget when legislators hold consultations in their constituencies and when they meet as Parliament later in the year.

The priority areas for the forthcoming year 2022 were therefore:

  • Inclusive Growth and Macro-Economic stability
  • Developing and Supporting Productive Value Chains
  • Optimising Value in our Natural Resources
  • Infrastructure, ICT s and Digital Economy
  • Social Protection, Human Capital Development and Well-being
  • Effective Institution Building and Governance
  • Engagement and Re-engagement/Arrears clearance and debt restructuring

Ncube said the domestic economy was targeted to grow by 5.4% in 2022, anchored on growth in sectors such as mining, manufacturing and electricity generation.

Government revenues were projected to improve from 16.4% (Z$390.8 billion) of GDP in 2021 to 17.8% (Z$533.2 billion), in 2022.

Expenditures were expected to increase from 18.2% (Z$421.6 billion) of GDP in 2021 to 19.4% (Z$579.1 billion) in 2022, in line with the desired sustainable budget deficit of 1.5%.

(77 VIEWS)

Don't be shellfish... Please SHARETweet about this on Twitter
Twitter
Share on Facebook
Facebook
Share on LinkedIn
Linkedin
Email this to someone
email
Print this page
Print

Like it? Share with your friends!

0
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.

One Comment

Your email address will not be published. Required fields are marked *

  1. Vankube ( murungu haagoni kuti ncube)….murikuwanza inflation. Murimunzira yakafamba va Gono. Madii kuchinja hurumende kuti zvigofamba….ndinowona kuti vanhu vanopinda muhurumende vanopindira mari kovanodii kuyitira mabhizimusi avo kunze – ndoozvinoreva private sector , hapana anobvunza kuti vaTorwireyi varikuiteyi , kunze kana vachizvibatsira nezvisirizvavo.