Government revenue has collapsed while expenditure has remained high. The 91-year-old leader, President Mugabe has been roundly attacked as having no clue as to how to revive the economy. His ministers are at each other throats as they position themselves for an eventual takeover from the old man.
But he is now pushing for his wife, Grace to seize power, to guarantee his family's business empire. Meanwhile thousands of Zimbabweans have been thrown off work with no hope of getting any jobs as industries have collapsed.
Many Zimbabweans expect little to come out of the budget. But Zimbabwe National Chamber of Commerce (ZNCC) Harare Chairman, Mr Mike Juru says the budget should focus on business confidence policies.
"It is a matter of policies that can help unlock growth in this volatile economy,” he said. An entrepreneur, Mrs Juliet Mutonhori said industry has agreed to work with the government on the 2016 national budget.
"It is an important toll and as business we are committed to it,” she said.
The government unveiled a US$4,1 billion budget for 2015 against an anticipated revenue inflow projection of at least US$3,5 billion.