Budget

LATEST POSTS

Wanted: a government with a jobs strategy

By Lance MambondianiBudget, Companies, Politics

IF STATISTICS are to be believed, eight in 10 Zimbabweans are unemployed. As at 2010, only 0,9 million people were recorded as being in formal employment. To put it in perspective (using a rather dramatic example), the total number of … Read more

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Economy operating below capacity

By Lance MambondianiBudget, Economics, Money, Politics
biti-26072011-3

IN FEBRUARY 2009, Zimbabwe’s bickering political parties formed a three-party coalition government underwritten by the African Union, a marriage of convenience following a disputed election. The economy, described then by Economist’s Economic Intelligence Unit as ‘the worst in the world’ … Read more

1,903 Comments

The case for a Zimbabwe Diaspora bond

By Lance MambondianiBudget, Politics

ZIMBABWE’S Finance Ministry should be commended for launching a consultation programme intended to seek stakeholder participation in the drafting of a broad-based 2012 budget. Faced with a projected year end fiscal deficit of $700 million and a debt overhang of … Read more

1,597 Comments

National Budget: nation watches, uncomprehending

By Lenox MhlangaBudget, Money
biti-26072011-3

WHY do we dread budget time? Is it because there is little good news, if any, that comes out of such an exercise, particularly when it comes to helping the poor in times of economic hardship? The national budget will … Read more

906 Comments

Zimbabwe: a nation of dealers

By Lenox MhlangaBudget, Economics, Politics
biti-26072011-3

FINANCE Minister Tendai Laxton Biti [who coincidentally was my roommate at the University of Zimbabwe] recently presented his mid-term budget review. The gist of that presentation to an expectant nation, besides revealing little on where the diamond ‘moola’ was going, … Read more

4,805 Comments

Thumbs up to gold-backed Zim dollar

By Gilbert MupondaBudget, Money
gono

RESERVE Bank Governor Gideon Gono’s proposal this week for the introduction of a gold-backed Zimbabwe dollar is an idea whose time has come. If implemented properly, the gold-backed local currency will resolve the liquidity crisis currently ravaging the sanctions-hit economy. … Read more

1,094 Comments