Treasury Unveils Mid-Term Budget Review

Treasury delivered its Mid-Term Budget Review, centering on economic stability and growth-focused policy measures, iHarare reports. The review outlined fiscal priorities and reforms aimed at sustaining the recent disinflation and attracting investment, while acknowledging the need for austerity. However, the budget faces headwinds from low revenue collection, a large informal sector, and persistent demands for civil service salary increases that could derail expenditure targets. Past budget reviews have often overpromised, with implementation gaps undermining credibility and leaving fiscal targets unmet, eroding donor confidence. The review’s success hinges on bridging the gap between fiscal rhetoric and tangible delivery. This test has repeatedly tripped up Harare’s economic managers and could determine the fate of the ZiG currency, risking another hollow promise that deepens public cynicism.