2021 National Budget Speech. Within a month, the budget will be presented before the House of Assembly by the Minister of Finance and Economic Development, and this would be followed by the approval by parliament paving way for its implementation, starting January 2021. T HE 2021 National Budget must provide a clear government position on the Extractive Industries Transparency Initiative (EITI), including steps that the government will undertake to implement EITI or its local version, the Zimbabwe Environmental Law Association (Zela) has said.. Below are the key highlights under Personal Income Tax: Effective 1 November 2020. Harare. Please click here for the 2021 National Budget Statement. He said this while giving a brief of his ministry’s Pre-Budget Paper during Tuesday’s post-cabinet media briefing in Harare. 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. 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. The tax-free bonus has increased from ZWL5 000 to ZWL25 000. Economy | November 24th 2020 Zimbabwe's five-year growth plan unrealistic. The main tax-related measures of the Budget include the following: The introduction of a Cannabis Levy, chargeable on the value of exports at the following rates corresponding to the level of processing: Hon. Highlights From the Zimbabwe 2020 National Budget courtesy of newZWire. This means that, from 2021, you will need a special import licence for older cars. Minister of Finance & Economic Development. on November 26, 2020. While presenting the 2021 national budget statement Ncube said if Ziscosteel is revived government will save close to US$1 billion. The projected expenditure for 2021 is ZWL$421,6 billion and employment costs are expected to take up ZW$142 billion. Proceedings will then be adjourned until Tuesday 8th December. “The revival of Ziscosteel is key to the economy through its potential benefits in job creation and value chain impact in companies such National Railways of Zimbabwe and Hwange Colliery and the resultant 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 Finance minister of Zimbabwe announced the 2021 Budget. The Finance minister of Zimbabwe announced the 2021 Budget. Zimbabwe's economic statistics are distorted by high inflation, and the government's claim of recovery is misleading. Zimbabwe's Minister of Finance and Economic Development presented the 2021 National Budget Statement to Parliament on 26 November 2020. Finance minister Mthuli Ncube presented the 2021 National Budget to parliament on November 26. 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. Finance minister Mthuli Ncube presented the 2021 National Budget to parliament on November 26. More. Prof Ncube said recent shocks in the form of droughts, cyclones and the Covid-19 pandemic, have undermined Zimbabwe’s efforts to build physical infrastructure and delivery of planned public services, hence the need to build resilience. FINANCE and Economic Development Minister, Professor Mthuli Ncube, is expected to present the 2021 national budget statement on Thursday next week. The EITI was launched in 2002 at the World Summit on Sustainable Development in Johannesburg, South Africa in a … The local currency will anchor this budget.” Finance Minister Mthuli Ncube last week presented a budget that targets spending of 421.6 billion … We are located at the 4th Floor, Block E, New Government Complex, Corner Samora Machel and Fourth Street, Harare, Zimbabwe. FINANCE minister Mthuli Ncube yesterday gave struggling workers something to cheer about ahead of the festive season when he presented his 2021 National Budget in Harare — significantly easing tax thresholds and promising to recover 150 000 formal jobs which were lost due to the coronavirus pandemic. THE 2021 NATIONAL BUDGET SPEECH “Building Resillience and Sustainable Economic Recovery” Presented to the Parliament of Zimbabwe. A section of the budget which was contested was the one that dealt with the proposed construction of two public toilets in ward three using devolution money at a cost of $8 million, which translates to US$98 000 using the current auction rate. The National Budget comes at a time when the country has achieved some measure of … The tax-free bonus has increased from ZWL5 000 to ZWL25 000. By. Please click here for the 2021 National Budget Statement. FINANCE Minister Mthuli Ncube Thursday moved to widen governments tax collection nets as he delivered his $421.6 billion budget for 2021 which will see new tax measures being applied on … The Official Website of the Ministry of Finance and Economic Development of Zimbabwe. Hansard Department; Committees Department; Financial Services Directorate ZIMBABWE - Zimbabwe's finance minister on Friday said the country’s economy, battered by drought and the COVID-19 pandemic this year, would recover in 2021. 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