Committees set up to look into budget proposals

Vusumuzi Dube, Online News Editor

PARLIAMENT has set up various committees to look into the 2024 national budget proposal that was presented by the Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube.

Last week Prof Ncube announced a $58,2 trillion National Budget for 2024 in which he presented a number of proposed interventions inclusive of the raising tax and bonus tax-free thresholds in a bid to provide the much-needed relief to ordinary Zimbabweans whose incomes have been eroded by inflation.

In a statement released on Tuesday evening Information, Publicity and Broadcasting Services Minister, Dr Jenfan Muswere revealed the setting up of the committees to look into the proposals, was to take into account the genuine concerns of the people of Zimbabwe, the civic and business community.

He said the budget proposals were still going through the parliamentary processes.

“The budget process goes through the various stages against the background of estimated expenditure and expected income estimates. The setting up of committees makes the budget process purely a stakeholder driven approach and involves debates in the National Assembly and Senate.

“The budget proposals are guided by the National Development Strategy 1 (NDS1) and the people of Zimbabwe. The expected revenue inflows, the estimated expenditure priorities and the Constitution of Zimbabwe are the bedrock upon which the national budget is formulated,” said Dr Muswere.

The Minister noted that the rights and freedoms of the people of Zimbabwe will not be violated by the budget making process.

“Currently as a Government, we are committed to the stakeholder driven approach to national budget formulation in order to improve to the standards of living for the people of Zimbabwe,” he said.