The 2019 Budget Thrust is macro-fiscal stabilisation and laying a solid foundation for attaining the triple 'S' growth - strong, sustainable and shared. 

  • A budget surplus of RTGS$443.1 million was realised during the first quarter of 2019.
  • Revenue collection outperformed targets by 8.2%, recording RTGS$1.9 billion.
  • Expenditure was contained and stood at RTGS$1.5 billion, 11.8% below planned spending.
  • Government earmarked RTGS$100 million towards mitigating the impact of Cyclone Idai.
  • Month on month inflation averaged 5.6% during the quarter, down from 11.5% during the last quarter of 2018.
  • Market capitalisation of the ZSE decreased by -17.2% since the beginning of the year, standing at US$16.8 billion at the end of the quarter.
  • Due to drought and damages caused by cyclone Idai, agricultural production for the 2018/19 agricultural season is expected to decline substantially.
  • Mineral output targets remain achievable, as most key minerals’ first quarter production constituted more than 20% of total expected output of the year.
  • Electricity generation during the first quarter of 2019 was lower compared to the same period in 2018 because of lower water allocation at Kariba hydro power station.
  • Merchandise exports reached US$938.1 million, 5.9% more than in the first quarter of 2018.
  • The trade deficit for the first quarter of 2019 stood at US$165.9 million, constituting a 57% improvement from the fourth quarter of 2018.

To download the 2019 First Quarter Treasury Bulletin, CLICK HERE

MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT

REQUIREMENTS FOR:

VENDOR NUMBER ALLOCATION

This Ministry through the Public Finance Management System located in the old Central Payments Offices requires an application letter typed from one of the company’s directors and on the company’s letterhead with a processing fee of either:

Page 2 of 3