Budget allocates close to US$1bn to education

CHINAMASA-BUDGETBusiness Reporters
FINANCE  Minister Patrick Chinamasa yesterday reaffirmed the Government’s high regard for education with close to US$1 billion of the US$4,2 billion vote in the 2014 National Budget allocated to primary and secondary education. According to the estimates of expenditure, the Ministry of Primary and Secondary Education will receive US$866 million, followed by the Ministry of Defence which will receive US$368 million.

Home Affairs will get US$364 million, and Health and Childcare was allocated US$337 million.

Higher and Tertiary Education was allocated US$332,7 million; Finance and Economic Development US$202 million; Public Service, Labour and Social Welfare US$168,7 million; Agriculture, Mechanisation and Irrigation Development US$155,2 million; and Justice, Legal and Parliamentary Affairs US$108,9 million.

Environment, Water and Climate will receive US$93,4 million, while the Ministry of Local Government Public Works and National Housing will get US$88,3 million.

Transport and Infrastructural Development is set to receive US$69 million while Foreign Affairs has been allocated US$63,8 million.
Youth Indigenisation and Economic Empowerment will get US$44,4 milion; Energy and Power Development was allocated US$23,4 million; Lands and Rural Resettlement will receive US$11,5 million; and Information Communication Technology, Postal and Courier Services will get US$11,5 million.

Women’s Affairs and Gender Development will receive US$10,8 million while Sports, Arts and Culture will get US$10,4 million.
Media Information and Broadcasting Services has been allocated US$8,7 million, while the Small and Medium Enterprise and Mines and Mining Development ministries will both receive US$8,6 million.

Industry and Commerce Ministry receives US$7,3 million while Tourism and Hospitality will get US$6,1 million.

Related Posts

President ups the stakes on industrialisation. . . to commission incubation hub, specialist medical centre

Zvamaida Murwira Senior Reporter PRESIDENT MNANGAGWA is today expected to commission the University of Zimbabwe Industrial Incubation Hub and the Specialist Medical Centre as the varsity moves to drive innovation,…

35 000 villages to get a tractor each

Zvamaida Murwira Senior Reporter GOVERNMENT is stepping up efforts to distribute a consignment of 35 000 tractors, one for each village in the country, to modernise agriculture, boost productivity and…

Leave a Reply

Your email address will not be published. Required fields are marked *