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Ivan Zhakata
Herald Correspondent
Public Finance Management (PFM) is a critical pillar for any nation’s development, and Zimbabwe is no exception, Southern African Parliamentary Support Trust (SAPST) executive director Mr Israel Chilimanzi has said.
He said this system is essential for achieving both global objectives and national aspirations such as the ambitious Vision 2030 which aims to transform Zimbabwe into an inclusive upper-middle-income society.
Speaking at the inaugural Fiscal Insights Forum in Harare, Mr Chilimanzi emphasised the importance of good governance, inclusive national budgets, fiscal discipline, transparency, and accountability in ensuring sustainable economic growth and development.
He said there was a need for stakeholders to understand the evolving macro-economic landscape, including climate change, fluctuating commodity prices, and a growing youth population.
Mr Chilimanzi also highlighted the urgency of domestic resource mobilisation, value-added exports, a broader tax base and formalising the informal sector.
Zimbabwe Council of Churches (ZCC) president Bishop Ignatious Makumbe echoed the importance of good governance and public finance management in achieving national development strategies and Sustainable Development Goals (SDGs).
He said there was also a need for transparency, accountability and responsible stewardship of public resources.
“The church’s vision aligns with the pursuit of holistic salvation and economic justice for all Zimbabweans,” he said.
“By advocating for dialogue and addressing systemic inequalities, the ZCC aims to contribute to a more equitable and prosperous nation.”
Online Reporter
Bongani Ndlovu