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2021 National Budget - the Good and the Bad


2021 National Budget – the Good and the Bad
December 14, 2020
Zimbabwe’s 2021 national budget set a taxing agenda with a 126% jump in budgeted revenues from ZW$173 billion (About US$2.12 billion) anticipated in 2020 to ZW$391.8 billion (US$4.8 billion) budgeted for 2021. The high revenue target is supported by sharp increases in sin taxes (Levied on wines, tobacco, spirits and beer), increase in fuel import duty, widening of presumptive taxes on selected self-employed professionals and Small to Medium Enterprises (SMEs) and Informal traders. In a departure from the previous budgets that were biased towards agricultural subsidies and defense, the 2021 allocations favored the education departments with primary and secondary education and Higher education getting ZW$55,221 billion and ZW$14,368 billion respectively. Similarly Health and Child Care will get ZW$54,705 billion. ....

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