Online Reporter
Nqobile Bhebhe, Zimpapers Writer
PRESIDENT Mnangagwa has underscored the importance of budget literacy among councillors, saying a sound understanding of financial planning is critical to the nation’s development agenda.
Speaking at the launch of the Minimum Service Delivery Standards Framework and the Urban State Land Management Policy, the President said budgeting plays a fundamental role in the effective regulation and utilisation of resources, even at household level.
“Budgets are designed to regulate, manage and structure resources,” he said.
“Even at household level there are budgets, even though some are silent.”
The Head of State and Government called on local authorities to devise innovative and robust funding models that can mobilise resources without placing undue burden on ratepayers.
“Money funds ideas, money does not create ideas,” he told councillors, urging them to move away from a dependency mindset and focus on sustainable, home-grown financial strategies.
President Mnangagwa’s remarks come at a time when Government is intensifying efforts to enhance service delivery standards and promote prudent resource management across local authorities.
derick.khumalo