On November 30, 2023, Professor Mthuli Ncube, the Minister of Finance, Economic Development, and Investment Promotion, delivered the 2024 National Budget Speech titled “Consolidating Economic Transformation.” The ZW$60 trillion budget is still awaiting adoption. The budget will be debated and passed or rejected by Parliament. Here are some key points from the speech:
Allocations to Government Ministries:
Public Service, Labour and Social Welfare ZW$2.4 trillion
Ministry of Defence ZW$3.6 trillion
Home Affairs and Cultural Heritage ZW$3.9 trillion
Finance, Economic Development and Investment Promotion ZW$1.7 trillion
Industry and Commerce ZW$130.5 billion
Lands, Agriculture, Fisheries, Water and Rural Development ZW$4.3 trillion
Mines & Mining Development ZW$132.7 billion
Environment, Climate and Wildlife ZW$135.5 billion
Transport and Infrastructural Development ZW$1.2 trillion
Foreign Affairs and International Trade ZW$976 billion
Local Government and Public Works ZW$1.2 trillion
Health and Child Care ZW$6.3 trillion
Primary and Secondary Education ZW$8 trillion
Higher & Tertiary Education, Science and Technology Development ZW$2.4 trillion
Women Affairs, Community, Small and Medium Enterprises Development ZW$188.1 billion
Justice, Legal and Parliamentary Affairs ZW$1.1 trillion
Information, Publicity and Broadcasting Services ZW$122.4 billion
Energy and Power Development ZW$90.1 billion
Information Communication Technology and Courier Services ZW$185.3 billion
National Housing and Social Amenities ZW$353 billion
Veterans of the Liberation Struggle Affairs ZW$221.8 billion
Tourism & Hospitality Industry ZW$71.1 billion
Sport, Arts and Recreation ZW$346.4 billion
Skills Audit and Development ZW$43 billion