By Godfrey Gusha
Harare – All eyes will be on Treasury this Thursday when Finance, Economic Development, and Investment Promotion Minister, Professor Mthuli Ncube, presents the much-anticipated 2025 Mid-Term Budget Review. The review is expected to outline revised tax and revenue collection measures as Zimbabwe pushes toward achieving its ambitious six percent annual economic growth target.
The presentation comes at a crucial time, with the economy showing encouraging signs of recovery. Gains have been recorded in mining, agriculture, and manufacturing, alongside the relative stability of the domestic currency.
Government insiders reveal that the budget review will provide a detailed account of achievements made during the first half of the year, while also addressing persistent challenges linked to global economic headwinds and climate-related disruptions.
Development economist Dr. Shadreck Matindike described the upcoming review as a critical tool for realigning priorities and ensuring sustainable growth.
“The budget review is vital in creating a roadmap for where the economy is heading. It balances the needs of the economy with available resources, ensuring sustained development while accelerating growth targets in line with Government’s agenda,” he explained.
High on the agenda are policies aimed at boosting domestic consumption and investor confidence. Expectations are that the Minister will announce new tax incentives, further strengthen the use of the Zimbabwe Gold (ZiG) currency, and tighten fiscal discipline across public institutions.
Chairperson of the Parliamentary Portfolio Committee on Industry and Commerce, Honourable Clemence Chiduwa, emphasized the need for the review to support production-driven growth.
“The budget review should focus on policies that enhance investor confidence, build industry capacity, and unlock value across entire value chains. It must assess the economy’s performance in the first six months and chart a sustainable course for the next half of the year,” Chiduwa said.
Zimbabwe’s economic trajectory has not gone unnoticed globally. Influential financial institutions including the International Monetary Fund (IMF), World Bank, and African Development Bank have endorsed the country’s projected six percent growth rate for 2025.
The fiscal statement is also expected to reaffirm Zimbabwe’s commitment to economic transformation under Vision 2030, consolidating gains achieved under the National Development Strategy 1 (NDS1) framework.
As anticipation builds, stakeholders across business, industry, and civil society will be watching closely to see how the Mid-Term Budget Review sets the tone for the remainder of 2025.
