VAT standard rate reduced from 15 percent to 14,5 percent with effect from 1 January, 2020, in order to stimulate aggregate demand. Highlights From the Zimbabwe 2020 National Budget courtesy of newZWire. Today the Minister of Finance, Professor Mthuli Ncube is going to present the annual National budget for 2020. The review comes at a time when the country is experiencing an upsurge in the number of COVID-19 cases. By ZELA – Wednesday 22 July 2020. • The 2020 Budget proposes total consolidated spending of R1.95 trillion in 2020/21, with the largest allocations going to learning and culture (R396.4 billion), health (R229.7 billion) and … The maximum payable by corporates is now ZWL$25,000 from ZWL$15,000 currently for transactions above ZWL$1.25 million. THE 2020 NATIONAL BUDGET STATEMENT ‘Gearing for Higher Productivity, Growth and Job Creation ’ Presented to the Parliament of Zimbabwe On November 14, 2019 By The Hon. Ng’andu, in his maiden budget presentation informed the nation that the 2020 budget would continue to propagate the objectives of the Seventh National ZIMBABWE’S 2020 budget presented on Thursday moves the economy even more deeply into the realm of dartboard economics. The 2020 national budget aims, in the face of the catalogued challenges that the country is going through, to stimulate the domestic economy. Zimbabwe 2020 National Budget Budget Highlights and Tax Summary 14 November 2019. Zimbabwe 2020 National Budget . Monthly inflation expected to fall to single digit from the first quarter of 2020 to close the year around 2 percent. The Minister of Finance, Dr. Bwalya K.E. Prof. Mthuli Ncube Minister o… As Amalgamated Rural Teachers’ Union of Zimbabwe, ARTUZ, our expectation is a budget centred on strategic sectors that can stimulate growth and stabilize the economy. The annual inflation rate is at a crippling 547%/yr. In his budget review statement, … Professor Steve Hanke said on 15 November 2019 :-Since Zimbabwe has stopped reporting annual inflation statistics, I am the only accurate source of Zimbabwe’s annual inflation rate. today. The 2% intermediated money transfer tax stays, but the tax-free threshold is now ZWL$100, from ZWL$20 previously. Zimbabwe must … ANALYSIS (Mining Index) – ON 16 July 2020, the Minister of Finance and Economic Development (MoFED), Professor Mthuli Ncube, presented the Mid-Term Budget and Economic Review to the Parliament of Zimbabwe. Economic recovery of up to 3 percent is projected in 2020. Analysis - ZIMBABWE'S 2021 national budget will be presented this November, with a lot at stake in terms of improvements in public service delivery from the government. 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