Finance Minister Patrick Chinamasa – Page 4

‘International Monetary Fund (IMF) Rules Out Financial Assistance To Zimbabwe’

Posted on August 26, 2015 by newzimbabwevision

The International Monetary Fund (IMF), which is dispatching a mission to Harare next week, has ruled out giving any financial assistance to Zimbabwe until all external debts are settled. The IMF is expected in the country from August 31st to September 11th to undertake the second review of the Staff Monitored Programme (SMP). Last year the IMF agreed to a successor SMP – an informal agreement between country authorities and the global lender designed to…

Mnangagwa Shocked As Chamisa’s Parly Recall Of Mugabe To Answer On Address, Succeeds

Posted on August 26, 2015 by newzimbabwevision

MDC-T legislator Nelson Chamisa successfully moved a motion to have President Robert Mugabe recalled to Parliament and answer questions regarding his state of the nation address which was delivered on Tuesday. Parliament Speaker backed Chamisa in a ruling that left vice president Emmerson Mnangagwa shaking his head in disbelief. Chamisa raised the point or order after Mugabe had finished delivering his address saying that the veteran leader should come back and take questions from the…

Biti Predicts Catastrophic Fall Of Mugabe’s Regime By 2016, &Condemns “Collective Opposition Idiocy”

Posted on August 15, 2015 by newzimbabwevision

FORMER Finance Minister, Tendai Biti on Thursday predicted the fall of President Robert Mugabe’s regime by 2016, insisting it was near impossible for the veteran leader to manage the current economic turmoil beyond the next four months. Biti also rebuked the country’s ever-squabbling opposition and civic groups, saying their “collective idiocy” has allowed Zanu PF to lead the country astray. The MDC Renewal Team’s leader was speaking during a SAPES Trust dialogue forum in Harare…

‘Retrench Cabinet Ministers First!’-Teachers Tell Mugabe

Posted on August 3, 2015 by newzimbabwevision

AS the government ponders massive retrenchments to cut its huge bill, President Robert Mugabe has been challenged to look at his costly cabinet which is said to be bigger than countries such as South Africa that have larger populations and better performing economies. Under the spotlight too, is the bill Mugabe personally loads on the overwhelmed exchequer. The Zanu PF leader has continued to spend millions of dollars travelling the world, claiming the bill is…

Gvt To Cut Public Sector Wage Bill From Current 80 % Down To 40% Of Total Revenue

Posted on July 31, 2015 by newzimbabwevision

Finance minister on Thursday said government plans to cut the public sector wage bill to 40 percent of total revenue from the current 80 percent. The development signals a move to reduce the government’s bloated civil service, amid a lower economic growth forecast of 1,5 percent from the initial 3,2 percent. Presenting the Mid-Term Fiscal Review in Parliament on Thursday, Patrick Chinamasa said 83 percent of government’s $2 billion costs were going to the salaries of…

‘Zimbabwe’s Tax Collections 6% Below Target’-Zimbabwe Revenue Authority (ZIMRA)

Posted on July 30, 2015 by newzimbabwevision

Zimbabwe’s tax collections were six percent below target during the first half of the year while mining royalties and value added tax plunged, reflecting a struggling economy, the tax agency said on Wednesday. The economy, where mining contributes around 17% to gross domestic product, is expected to struggle this year due to low commodity prices and a poor farming season. Willia Bonyongwe, the chairperson of the Zimbabwe Revenue Authority (ZIMRA) said tax collections between January…

Chinamasa Denies That Government Agenda Is To Underdevelop Matebeleland

Posted on July 27, 2015 by newzimbabwevision

FINANCE Minister Patrick Chinamasa has distanced the Zanu PF led government from the perennially sorry state of Matebeleland provinces, insisting lack of development in the vast area had all to do with the country’s erstwhile white rulers. Chinamasa was speaking in Parliament last week after opposition MDC MPs challenged him to explain why the country’s western region continued to lag behind in terms of development. First to challenge the minister was Magwegwe MP, Anele Ndebele…

‘Mugabe Visit To Zimbabwe Ends, And He Jets Off With Grace To USA New York ‘

Posted on July 7, 2015 by newzimbabwevision

President Robert Mugabe has left Harare for the United Nations (UN) headquarters in New York, USA where he has been invited to attend a high level International Ebola Recovery Conference. The Ebola haemorrhagic fever that devastated three West African countries since its outbreak left more than 11 000 people dead and affected more than 27 000 others. President Mugabe, who chairs the African Union (AU) and SADC, is accompanied to New York by the First…

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