Business expects mid-term budget to address their concerns

By Stanley James, Business Editor

THE local business community is confident their proposals will be considered by treasury when it presents the mid-term budget later this month.

A review of the 2022 budget is set to provide stakeholders with an analysis of the current economic performance and shortfalls, including ability to sustain requirements, amid changing global economic patterns.

Confirming that they have been consulted by treasury, the business community is hopeful authorities will consider their proposals.

“The thrust of just getting access to the treasury should also lay the roadmap for implementation of our proposals,” said Dr Zack Murerwa, a businessperson.

“If they listen to us then it means more can be done to sustain the needs of industry and commerce,” said Dr Fungai Murahwa, Varun Beverages Director

Business expects treasury to consider its mid-term budget proposals

By Stanley James, Business Editor

THE local business community is confident their proposals will be considered by treasury when it presents the mid-term budget later this month.

A review of the 2022 budget is set to provide stakeholders with an analysis of the current economic performance and shortfalls, including ability to sustain requirements, amid changing global economic patterns.

Confirming that they have been consulted by treasury, the business community is hopeful authorities will consider their proposals.

“The thrust of just getting access to the treasury should also lay the roadmap for implementation of our proposals,” said Dr Zack Murerwa a Businessman.

“If they listen to us then it means more can be done to sustain the needs of industry and commerce,” said Dr Fungai Murahwa Varun Beverages Director

Last week, Finance and Economic Development Minister Professor Mthuli Ncube hinted to journalists on what to expect in the budget review.

“There are a lot of considerations to be taken as we seek to consolidate gains achieved so far but I think overall growth estimates will slightly be lowered,” he said.

The mid-term budget will be presented at a time when global economic shocks, including Russia’s Special Military Operation in Ukraine have seen Zimbabwe and other global economies grappling with inflationary pressures, high energy prices and food price hikes, among other uncertainties.

The post Business expects mid-term budget to address their concerns appeared first on ZBC NEWS.

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