Online Reporter
Tapiwanashe Mangwiro
Zimbabweans will get a clear picture of the country’s economic direction tomorrow afternoon when Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube, presents the 2026 National Budget, expected to outline a tight fiscal path and reforms anchored on the National Development Strategy 2 (NDS2).
According to projections shared at the recent pre-budget seminar in Bulawayo, the economy is expected to grow by 5 percent in 2026, driven by normal rainfall, improved electricity generation, prudent monetary and fiscal conduct, stable inflation and exchange rates, and moderate commodity prices.
Minister Ncube said: “These assumptions provide a solid base for sustained recovery.”
The 2026 macro-fiscal framework shows real gross domestic product (GDP) rising to ZiG76,9 billion, while nominal GDP is projected at ZiG1,69 trillion. Revenue collections are expected to increase to ZiG287,6 billion, representing 16,9 percent of GDP, against expenditures of ZiG290,8 billion.
Minister Ncube indicated that the fiscal thrust will focus on maintaining consolidation, with the Government targeting a budget deficit below 3 percent of GDP.
“Public resources must drive economic transformation and improve quality of life,” he said, highlighting that spending will prioritise infrastructure, social services and programmes that spur inclusive growth.
Compensation of employees is projected at ZiG152,2 billion, about 9 percent of GDP, while capital expenditure is expected to rise to ZiG41 billion as Government scales up infrastructure development.
Minister Ncube said the budget would seek to balance stability and growth, ensuring Zimbabwe stays on course towards Vision 2030 despite global and domestic pressures.
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