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US$millionChineseinvestmentbySunnyUS$millionPepsi-Colaplantestablished3, NewPerspectives:ReflectiononbudgetbluesItismeanttoimprove transparencyinthepreparationoftheNationalBudgetandformsthebasisforadetailedbudgetpreparationprocessthatTHEMACRO-BUDGET
FRAMEWORKMrSpeakerSir,inlinewiththeprojectedrealGDPgrowthrateof%andanominalGDPofZWL$trillion,totalrevenuecollectionsare projectedatZWL$trillion(18%ofGDP),whilstexpendituresaresetatZWL$trillion(%ofGDP)in,(Slide)Thelegislationrelatingtosuspensionofdutyon specificminingdevelopmentoperationswillbenotberenewed,howeverminingcompanieswillcontinuetoimportuntilexpiryofcurrentlegislationonember ReviewofflatofexcisedutyonenergydrinksratefromUS$0,toUS$perlitre,witheffectfrom(“wef”)1Withrespecttothedomesticeconomy,growthisnow projectedat%inAlready,ZIMSTATestimateseconomicgrowthduringthefirstquarterofat%and%fortheyearSuchgrowthratesputZimbabweamongthe fastestgrowingeconomiesinAfricaTherevisedprojectedgrowthof%inisonaccountofstrongBudgetStrategyPaper–AcceleratingEconomicTransformation. TheMinisterofFinanceandEconomicDevelopment,ProfessorMthuliNcube,tabledthispaperinthebeforeSimilarly,limitedfiscalspacehasseenmostcountries intheregionfailingtomountthemuchneededfiscalandmonetarypolicymeasuresthathavehelpeddriverecoveryinadvancedeconomiesDevelopmentofa compendiumofprogrammesandprojectsunderpinningNDS1strategiesandoutcomesisstilltobecompletedandwillbepublishedasaSupplementtotheNDS1 coveringthefiveyearveritaszimUNICEFTheBudgetStrategyPaper(BSP)isastrategicpolicydocumentthatoutlinestheforthcomingproposedbudgetpriorities aftertakingintoaccountthemacroeconomicconditionsinthecountryAsaresult,Sub-SaharanAfricaGDPgrowthisprojectedat%forand4%for,thanksto improvedexportsandhigherThisbudgetbriefexplorestheextenttowhichthenationalbudgetaddressestheneedsofchildreninZimbabweThebriefanalysesthe sizeandcompositionofapprovedbudgetallocationstosectorsthataffectchildreninfiscalyear,aswellasofferinsightsintotheefficiency,effectiveness,equity,and adequacyofpastspendingTheequipmenttoZimbabwe;andtheprospectofafurtherUS$milliondealwiththesameUScompanytosupplyadditionalfarming andconstructionequipmenttoZimbabweOperationalisationofZIDAImplementationofSpecialEconomicZonesAnexasperatedTreasurybosshadtotrimthe budgetbidsbyawhoppingtwothirdstocomeupwithaNationalBudgetofjustunderUS$4TheNDS1providesthebasisuponwhichprogrammesandprojects includedinannualbudgetprovisionsarecraftedoverthenextfiveyears