The Official Website of the Ministry of Finance and Economic Development of Zimbabwe. FINANCE and Economic Development Minister, Professor Mthuli Ncube, is expected to present the 2021 national budget statement on Thursday next week. By. +263 24 2794571-9 or email: feedback@zimtreasury.gov.zw. While presenting the 2021 national budget statement Ncube said if Ziscosteel is revived government will save close to US$1 billion. Highlights From the Zimbabwe 2020 National Budget courtesy of newZWire. The National Budget comes at a time when the country has achieved some measure of stability on the foreign exchange markets as well as on the inflationary front, thereby providing an important basis for growing the economy. The maximum payable by corporates is now ZWL$25,000 from ZWL$15,000 currently for transactions above ZWL$1.25 million. Finance minister Mthuli Ncube presented the 2021 National Budget to parliament on November 26. Harare. Below are the key highlights under Personal Income Tax: Effective 1 November 2020. The 2021 Budget targets a fiscal deficit of -1.3% of GDP in line with the National Development Strategy 1. THE 2021 NATIONAL BUDGET SPEECH “Building Resillience and Sustainable Economic Recovery” Presented to the Parliament of Zimbabwe. 2021 National Budget Speech. Cars older than 10 years are now off the Open General Import Licence. Finance Minister Mthuli Ncube has promised enough funding for anti-graft bodies such as the Zimbabwe Anti-Corruption Commission (ZACC) in his 2021 budget. Instead the government piled more taxes on its already over-taxed citizens. This means that, from 2021, you will need a special import licence for older cars. on November 26, 2020. Zimbabwe’s 2021 national budget towards a social protection to all vulnerable groups, in total, has an allocation of ZW$6,9 billion (US$793 million) to the Ministry of Public Service, Labour and Social Services, which is 1,64% of the budget down from the 2020 percentage share of 4,3%. Hon. ZIMBABWE 1 Embargoed Till End of Delivery THE 2020 NATIONAL BUDGET STATEMENT ‘Gearing for Higher Productivity, Growth and Job Creation’ Presented to the Parliament of Zimbabwe On November 14, 2019 By The Hon. The 2021 national budget was presented before the House of Assembly by the Minister of Finance and Economic Development on the 26 th of November 2020, and this will be followed by the approval by parliament paving way for its implementation, starting January 2021. “The 2021 National Budget will prioritise preserving the stability of the Zimbabwean dollar and arresting inflation to allow citizens room to save, invest and plan,” Ncube said. HARARE - Finance and Economic Development Minister, Mthuli Ncube on Thursday tabled a Z$421 billion (US$5.14 billion) budget for 2021 which has raised serious concerns as some of it's key highlights pile more misery to the already suffering ordinary citizens. The 2021 Budget Strategy Paper, themed “Building Resilience and Economic Recovery Post COVID-19”, was launched by Finance and Economic Development Minister Mthuli Ncube in Harare this morning. Minister of Finance & Economic Development. According to Mthuli, Zimbabwe has spent around US$1.3 billion importing buses and used cars over the past five years. Prof. Mthuli Ncube Minister of Finance and Economic Development External Relations Directorate ; Journals & House Procedures Directorate. The EITI was launched in 2002 at the World Summit on Sustainable Development in Johannesburg, South Africa in a … A big part of Finance Minister Mthuli Ncube’s 2021 budget is a range of new tax measures to fund his ambitious $421.6 billion budget. The projected expenditure for 2021 is ZWL$421,6 billion and employment costs are expected to take up ZW$142 billion. Zimbabwe 2020 National Budget . Below are the key highlights under Personal Income Tax: Effective 1 November 2020. Zimbabwe's economic statistics are distorted by high inflation, and the government's claim of recovery is misleading. Proceedings will then be adjourned until Tuesday 8th December. Industrialists welcome Mthuli Ncube’s 2021 Budget. We are located at the 4th Floor, Block E, New Government Complex, Corner Samora Machel and Fourth Street, Harare, Zimbabwe. The tax-free bonus has increased from ZWL5 000 to ZWL25 000. 2021 budget: A bitter pill to swallow Posted on December 4, 2020 by The Zimbabwe Independent in Main News THE 2021 budget presented by Finance minister Mthuli Ncube last week missed a golden opportunity to stimulate various productive sectors of the economy. But resenting a $421.6 billion 2021 national budget to Parliament on Thursday, Finance Minister Professor Mthuli Ncube said this year’s economic setback will be reversed next year on expectation of receding Covid-19, global economic recovery and good agricultural output. Economy | November 24th 2020 Zimbabwe's five-year growth plan unrealistic. The Finance minister of Zimbabwe announced the 2021 Budget. Tags: National; The National Budget comes at a time when the country has achieved some measure of … While presenting the 2021 National Budget Statement projected expenditure for 2021 is $! 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