Staff Reporter
The 2025 National Budget, amounting to ZiG276.4 billion, was presented, on November 28, 2024, by the Minister of Finance, Economic Development, and Investment Promotion, Professor Mthuli Ncube, at the New Parliament Building, in Mt Hampden.
Delivered under the theme “Building Resilience for Sustained Economic Transformation,” the budget lays out an ambitious plan to spur economic recovery, enhance social protections, and promote climate resilience.
In his presentation, Minister Ncube emphasized the importance of stabilizing the economy while fostering inclusive growth.
He noted that Zimbabwe’s economic outlook is improving, with Gross Domestic Product (GDP)growth projected at 6% in 2025, supported by strong performances in agriculture, energy production, and mining.
The Minister pointed out that while challenges such as global economic uncertainties and high debt levels persist, disciplined spending and strategic investments would place the country on a firm recovery trajectory.
The budget directs significant resources to critical sectors. Education received the largest allocation, with ZiG46.6 billion set aside to improve infrastructure and expand access to quality education across the country.
Health followed closely with an allocation of ZiG28.3 billion, aimed at enhancing healthcare delivery and addressing gaps in service coverage. These allocations underscored the Government’s focus on human capital development as a key driver of long-term economic growth.
Agriculture, a cornerstone of Zimbabwe’s economy, is projected to grow by 12.8% in 2025, benefiting from favorable weather patterns, irrigation projects, and increased Government support for farmers.
Similarly, the energy sector is poised for significant growth, with reforms and investments expected to boost electricity production by 10.6%, addressing persistent power supply challenges and supporting industrial expansion.
Social protection remains a top priority, with ZiG21.4 billion allocated to programs designed to support vulnerable populations. Initiatives such as the Basic Education Assistance Module (BEAM), food security measures, and cash transfers will provide critical relief to those most in need.
Women and youth empowerment programs were also highlighted, with expanded access to financial resources and entrepreneurial opportunities aimed at driving economic inclusion.
Infrastructure development was another focal point, with ZiG40.6 billion earmarked for roads, water systems, and ICT expansion.
Recognizing the risks posed by climate change, the budget also includes significant funding for resilience initiatives, including agricultural insurance to safeguard farmers from weather-related losses.
While the budget reflects bold ambitions, Ncube acknowledged the challenges ahead. Zimbabwe’s public debt, which stands at ZiG524 billion (US$21.1 billion), remains a significant burden, with external obligations making up the majority.
However, the Minister reaffirmed the Government’s commitment to fiscal discipline, targeting a modest deficit of ZiG6.1 billion while enhancing revenue collection and leveraging private sector partnerships to fund key projects.
Minister Ncube urged collaboration across all sectors, emphasizing that the budget represents a roadmap for sustainable development and shared prosperity.
“This budget is a testament to our commitment to building a resilient and inclusive economy that benefits all Zimbabweans,” he said.
The 2025 National Budget marks a pivotal moment for Zimbabwe, setting the stage for transformative growth.
Its success will depend on the effective implementation of policies and the nation’s ability to navigate both local and global challenges.
