Harare Post Reporters
• The theme for the budget is "Building Resilience for Sustained Economic Transformation."
• Economic growth is projected at 6% in 2025, driven by agriculture, electricity production, and mining.
• Total revenue is estimated at ZiG270.3 billion, with tax revenues contributing a significant share.
• Expenditure is set at ZiG276.4 billion, including a focus on capital expenditures for infrastructure.
• A fiscal deficit of ZiG6.1 billion is projected, reflecting strong fiscal discipline and consolidation measures.
• Public debt stands at ZiG524 billion (US$21.1 billion), with external debt comprising the majority.
• Inflation is expected to remain stable, with monthly rates targeted below 3%, supported by tight monetary policies.
• The agriculture sector was prioritized, with anticipated growth driven by favorable weather conditions and enhanced food security measures.
• The energy sector is set to expand, with reforms and investments aimed at increasing electricity production and renewable energy adoption.
• Infrastructure development is a key focus, with resources allocated to roads, dams, and ICT expansion.
• Employment costs remain significant, prompting measures to enhance public service efficiency and sustainability.
• Social protection programs are funded to support vulnerable groups through initiatives like BEAM and food deficit mitigation.
• The health sector received a major allocation, aimed at improving healthcare services and infrastructure.
• The education sector received the highest allocation, prioritizing primary and secondary education improvements.
• Women and youths benefit from increased access to finance and targeted programs, enhancing economic empowerment and inclusivity.
• Exports are projected to grow, driven by agriculture, gold, and lithium, contributing to foreign currency earnings.
• Tax reforms focus on compliance, reducing leakages, and broadening the tax base.
• Debt management strategies emphasized controlled borrowing and sustainable repayment plans.
• Climate resilience initiatives included insurance products for smallholder farmers and investments in adaptive measures.
• Governance reforms continue to enhance fiscal transparency, anti-corruption efforts, and public sector efficiency.
