Parliamentarians to convene for pre-budget seminar

PARLIAMENTARIANS are set to meet in Bulawayo this week for an extensive 2025 Pre-Budget seminar, to be held from November 5 to 10.

The conference will provide a platform for economic experts, lawmakers, and Government Ministers to discuss critical issues related to finance management and offer recommendations for improving various sectors of the economy.

Finance, Economic Development, and Investment Promotion Minister Professor Mthuli Ncube, along with Reserve Bank of Zimbabwe Governor Dr John Mushayavanhu, are expected to address pressing concerns surrounding the stability of the local currency. The conference will also build on concerns raised during the recent Budget consultations, offering stakeholders a chance to explore solutions to financial challenges and outline priorities for the upcoming national budget.

**Professor Mthuli Ncube Minister of Finance and Economic Development of Zimbabwe**

The event will be held in accordance with Section 28(5) of the Public Finance Management Act, which governs the control and management of public resources, ensuring transparency and accountability in the allocation of national funds. Economic experts, Government Ministers, and parliamentary committee heads will table their inputs and make recommendations.

Speaker of Parliament, Advocate Jacob Mudenda, announced the meeting and advised legislators to confirm their attendance ahead of time.

“All Honourable Members are kindly requested to confirm their attendance with the public relations department officers from Wednesday, 9 October to Thursday, 17 October 2024,” Advocate Mudenda said in a statement.

Last month, the Ministry of Finance, Economic Development and Investment Promotion called for public input to the 2025 National Budget. Treasury has already released the 2025 Budget Strategy Paper, which outlines the Government’s financial goals, objectives, and strategies for achieving them.

The strategy paper provides a framework for making budget decisions and ensures that everyone involved in the budget process is working towards the same objectives.

The paper is meant to enhance understanding of Government policies and programmes regarding the distribution of national resources.

The Government is committed to broadening stakeholder participation in budget formulation in order to build public trust in the budget.