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Ministry of Finance
January 29, 2009
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1. Mr Speaker
Sir, I move that leave be granted to bring in a Bill to make Provisions
in connection with Revenues and Expenditures of the Republic of
Zimbabwe for the Financial Year January to December 2009 and to
make Provisions for matters ancillary and incidental to this purpose.
2. Mr Speaker
Sir, the presentation of this Budget is consistent with Chapter
XI, Section 103(1) of the Constitution
of Zimbabwe, which requires that "the Minister for the
time being responsible for Finance shall cause to be prepared and
laid before Parliament, on a day on which Parliament sits, before
or not later than 30 days after the start of each financial year
Estimates of the Revenue and Expenditure of Zimbabwe for that financial
3. Mr Speaker Sir, while
tradition in the previous years has seen the National Budget delivered
towards the end of November and early December of each year, delays
in completing political processes to allow for the formation of
an Inclusive Government have not made this possible.
4. Mr Speaker Sir, the
year 2008 posed a number of challenges on our country, resulting
in the year being one of the most difficult for our economy.
5. The sharp
increase in inflation against a background of acute shortages of
goods and services, poor harvests and the attendant severe food
shortages and the deteriorating delivery of public services such
as water, electricity, sanitation and health imposed phenomenal
hardships on the population.
6. We are, therefore,
grateful for the goodwill shown by our regional and other international
cooperating partners who have not only endeavoured to bring us together
politically but also offered our country immense assistance in various
forms such as food relief, agricultural inputs, drugs, water treatment
chemicals and power, just to mention but a few.
7. The Inter-Party
Political Agreement of 15 September 2008 among the three political
parties represented in this August House, offers an opportunity
for cohesion and unity of purpose among ourselves for effective
implementation of holistic policies and measures necessary for us
to take advantage of the country's abundant resources for sustainable
rapid economic turnaround.
8. Unity of purpose allows
and provides us immense opportunities to positively deal with the
negative impact of sanctions and other external threats such as
the current global financial crisis, through re-engaging the international
community for the necessary financial cooperation over economic
reconstruction and recovery, in particular, balance of payment support.
9. Therefore, in order
to decisively achieve economic turnaround, which regrettably would
in the short and medium term be painful, cohesion and unity of purpose
not only among political parties, but also among institutions of
Government, Business, Labour, Co-operating Partners and other stakeholders
will be necessary.
10. Hence the success
of the 2009 Budget, which seeks to respond to the various challenges
facing our economy will much depend on us all working together for
the common good of the country.
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