Zimbabwe Finance Minister Pledges No New Taxes for Next Year

Finance Minister Mthuli Ncube pledged that authorities will hold the line on taxes and avoid supplementary budgets next year. The Daily News reported that the treasury chief designed this fiscal freeze to protect struggling households and businesses from further economic shocks. This policy shift follows intense pressure from business lobbies and civil society groups warning that additional levies would trigger widespread corporate insolvencies. The government previously faced severe backlash after introducing a series of aggressive revenue-mobilization measures that crippled consumer spending power. This fiscal restraint leaves the state highly vulnerable to external economic shocks, as the government lacks the revenue flexibility to address unexpected funding gaps.