The budget which was said to be “people centered” has not pleased many including the former minister of Finance Tendai Biti. Various grievances have arose following this 2022 national budget.

You can download the complete 2022 National Budget PDF below.

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2022 National Budget 

The minister of Finance yesterday announced a $$927,3 billion budget which various publications and officials have called “lifeless.” Contrarily, publications such as the Herald have labelled this budget as “people centred.”

In his budget presentation, Mthuli Ncube drew attention to the tax burden that was being faced by low income earners. Resultantly the tax bracket was adjusted. Ncube stated:

“In order to provide relief to taxpayers and also boost aggregate demand for goods and services, I propose to adjust the tax-free threshold from $10 000 to $25 000 and also adjust the tax bands to end at $500 000, above which a marginal tax rate of 40% will apply with effect from January 1, 2022.” 

You can download the full budget here.

Criticism of The 2022 National Budget

The Progressive Teachers Union Zimbabwe (PTUZ) General Secretary Raymond Majongwe lamented over this national budget stating that it did not take into account the teachers and the challenges they face. He commented the following:

Former Finance Minister, Tendai Biti also had some sentiments of his own to shared with regards to the 2022 National Budget. Biti dismissed the budget as “ritualistic formality bereft of substance”. This is as a result of its failure to take into consideration  exchange rate distortions and structural challenges around the free-falling local currency.

What do you think of the 2022 National Budget?

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