2021 Budget Highlights

Source: 2021 Budget Highlights | Newsday (News)

  • Budget size $421,6 billion

  • Revenue collection projections $390,8 billion

  • Public debt $1,972,848.34

  • Economy expected to rebound by 7.4% in 2021 from a consecutive 2-year downturn.

  • Year on year inflation is projected to reach 9% by the end of 2021

  • Overall budget balance -30,812.76

  • Current account balance $73837.3

  • International Reserves (Months of Import Cover) 2 months

  • Primary and Secondary Education  got the highest vote, followed by health and child care and on number three lands and agriculture

  • Upward review of tax free threshold from $5 000 to $10 000.

  • Forex Corporate Tax payments to take

  • Forex Corporate Tax payments to take into account RBZ prescribed retention or liquidation thresholds

  • Upward Review of the IMTT tax free threshold from ZW$300 to ZW$500

COMMENTS

WORDPRESS: 2
  • comment-avatar
    Dr Ace Mukadota PhD 2 months ago

    Mumbo jumbo comrades. Pure comedy.

    • comment-avatar
      Fallenz 2 months ago

      The economy “rebounding” 7.4% means it’s still in the negative… way negative.  And inflation at 9% is a number that could be conjured only in a pipe dream… while smoking dope.  

      Yeah, hilarious… sort of.  Especially, when comparing previous years’ “projections” by this dimwit against the actuals.  A bush farmer has a better grasp of basic economic principles than this “educated”, highly paid numbskull.  The farmer tends and feeds the cow, and gains increases in the herd, milk to drink, beef to eat, and assets to trade… while Ncube proposes to eat the cow.  A mechanic protects his business by providing reliable repairs, meeting his promises, and charging a fair price.  He doesn’t get rich, but with his service he gains new and returning clients, invests in new tools, and feeds his family… Ncube would steal the car.