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TNF Hits Turbulence in 2020 - Zimbabwe Today
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$820m added to critical Budget items - Zimbabwe Situation
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Zimbabwe: $820m Added to Critical Budget Items
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$820m added to critical Budget items
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$820m Added to Critical Budget Items
December 23, 2020
An extra $820 million has been added to some items in the $421,6 billion 2021 National Budget to cover critical funding gaps identified by Parliament.
Finance and Economic Development Minister Professor Mthuli Ncube stressed the extra would come from the unallocated reserve and savings on other items.
This is the first time Parliament has pushed through changes to a budget, rather than just rubber-stamping the original statement after comment. The current economic stability has been built on rigid fiscal discipline, with spending matching revenues, hence the minister having to explain how he would fund higher spending on some items.