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This article participates on the following special index pages:
Inclusive government - Index of articles
on the 2009 Budget
Ministry of Finance
March 17, 2009
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1.1.1. Mr Speaker
Sir, Honourable Members will recall that on 29 January 2009, the
Honourable Acting Minister of Finance presented the 2009
Budget in this August House.
on the Budget forms part of this Session and I have the honour to
open this debate.
1.1.3. In order
to facilitate this debate, I have synchronised the 2009 Budget to
recent political and economic developments, which culminated in
the formation of the Inclusive Government which in turn initiated
the formulation of the Short
Term Emergency Recovery Programme (STERP).
1.1.4. Mr Speaker
Sir, at the epicentre of these socio-economic challenges, have been
unprecedented levels of hyper-inflation and declining productive
capacity and hence massive de-industrialisation, food shortages,
loss in value of the local currency, corruption, deteriorating public
service delivery particularly education, health, sanitation as well
as public utilities and infrastructure.
impact of all the above have been sustained negative effects on
Gross Domestic Product (GDP), resulting in cumulative fall of GDP
by over 40% for the past 8 years, giving rise to unprecedented increase
in poverty levels and general despondency.
the aforementioned, the task of turning around the economy, therefore,
becomes the toughest job of the Inclusive Government.
this challenging obligation, the new Inclusive Government is committing
itself to putting Zimbabwe people and the country first by addressing
the above challenges, geared towards turning around the economy
and, hence, afford the people of Zimbabwe better living standards.
1.1.8. Mr Speaker
Sir, as I move this debate in this August House, I propose to revise
the 2009 Budget taking account of the above and inclusive of the
of tax and other economic measures to the Short Term Emergency
Recovery Programme (STERP), including any new initiatives and
revisions where appropriate.
revision of the overall 2009 Budget Framework in line with actual
developments in January, February and early March 2009.
of the Estimates of Expenditure (Blue Book) to incorporate additional
Ministries in line with the formation of the Inclusive Government.
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