Nqobile Bhebhe Zimpapers Business Hub
FINANCE Minister Professor Mthuli Ncube and Reserve Bank of Zimbabwe Governor Dr John Mushayavanhu will headline Parliament’s 2027 Pre-Budget Seminar in Bulawayo, with their presentations expected to shape debate on fiscal priorities, monetary policy coordination and economic resilience.
The seminar, scheduled from Wednesday to Saturday, will run under the theme, “Accelerating Economic Transformation and Building Resilience to Climate and Global Shocks.”
In an update, Minister Ncube said he will be presenting the budget to Parliament on November 19, 2026.
“But as part of the budgetary preparation process, there is a need for members of Parliament to have a retreat.
“The retreat usually takes four days, and this retreat is taking place in Bulawayo this year. The retreat will consider many things arising from consultations with the public.
“The Committee on Budget and Finance has been consulting with the public; various committees have been consulting with the public and also consulting with various members of Parliament.
“So, the retreat by members of Parliament is to have a discussion on the budget allocations, priority areas, and revenue measures to support the various government departments and the various programs of Government.”
In an update, Parliament of Zimbabwe said a pre-budget seminar strengthens Parliament’s ability to scrutinise the proposed national budget before it is finalised.
“It gives Members of Parliament and relevant stakeholders a shared understanding of the economic outlook, revenue projections, debt position and government priorities.
“This supports more informed debate, helps identify gaps between national priorities and proposed funding, and enables Parliament to raise evidence-based recommendations during the budget process.
“It also promotes transparency and strengthens Parliament’s oversight of public resources.”
According to the programme, Minister Ncube will present on the performance of the 2026 National Budget, 2027 revenue and expenditure targets, the fiscal framework, economic outlook and key budget assumptions.
Dr Mushayavanhu will examine how monetary policy can complement fiscal policy in consolidating economic transformation towards Vision 2030, including the implications for the 2027 National Budget.
The presentations come at a critical point as policymakers seek to balance fiscal discipline, economic growth and investment needs against climate-related risks and uncertainties in the global economy.
For the business sector, the key question is how the 2027 Budget will translate macroeconomic stability into stronger productive investment, improved infrastructure, predictable operating conditions and sustainable industrial growth.
Minister Ncube’s fiscal framework will centre on revenue mobilisation and expenditure allocation, particularly how the Treasury can finance national development priorities while maintaining budget discipline.
The allocation of resources towards productive infrastructure, agriculture, energy and industrial development will remain important in strengthening economic capacity and improving business competitiveness.
Dr Mushayavanhu’s presentation will place the relationship between monetary stability and fiscal policy under scrutiny, particularly the need for a predictable economic environment that supports business planning and long-term investment.
Companies require stable financial conditions to manage working capital, meet import obligations, expand production and make investment decisions.
Greater coordination between fiscal and monetary policies can help reinforce confidence and support economic transformation. Parliamentary committees will also present findings from consultations on sectoral priorities for the 2027 Budget, providing an opportunity to align national spending plans with the needs of businesses, workers and communities.
According to the programme, ministers will then have an opportunity to make responses on parliamentary committee presentations.
The discussions are expected to inform the formulation of the 2027 National Budget, which will determine how public resources are mobilised and allocated to support economic development.
