Government workers are receiving annual bonuses, and
Treasury is putting essential expenses like addressing food shortages and
financing agriculture support in 2024-2025 first.
A circular, sent to Permanent Secretaries and the Clerk of
Parliament dated November 13, warns that non-wage Budget support will be
restricted during this period.
Finance Economic Development and Investment Promotion
Permanent Secretary Mr George Guvamatanga urged Government agencies to be
mindful of their expenses and make them a priority.
“As you may be aware, the local currency unit (ZWG)
recently depreciated by 43 percent against the United States dollar, resulting
in a substantial mismatch between revenue inflows, collected in some cases with
a one-month lag and local currency expenditures that immediately adjusted to
the new exchange rate, in the process severely constraining fiscal space for
the last quarter of 2024.
“Given the consequent limited fiscal space and the need to
mobilise additional resources to fund critical inescapable expenditures that
include the 2024 bonus award, food deficit mitigation support, 2024-2025
agriculture input support, and utilities among other critical requirements,
Treasury wishes to advise that non-wage budget support for the months of
November and December 2024 will be severely constrained.
“Ministries, departments and agencies are, therefore,
requested to prioritise their expenditure commitments during this period,” said
Mr Guvamatanga.
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