NATIONAL BUDGET STATEMENT FOR 2018

“Towards A New Economic Order”

Presented to the Parliament of Zimbabwe

on Thursday, December 7, 2017

By Hon. P. A. Chinamasa (M.P.)

Minister of Finance and Economic Development

... Our quest for reversing economic decline and eradicating unemployment and poverty can only become reality if we walk the talk with regard to adoption of a paradigm shift in the way we do business and manage our economy, public enterprises and finances.

In this regard, the 2018 National Budget presents an opportunity to contribute to a Comprehensive and Coherent Phased Strategy for addressing the widening macro-economic imbalances, guided by the policy direction given by His Excellency, President E. D. Mnangagwa, during his widely acclaimed Inaugural Address on 24 November 2017.

His Excellency, the President, made it clear that Government’s economic policy will be predicated on creating conditions for an increased production led economic recovery, targeting attracting Foreign Direct Investment, as a way of tackling the prevailing high levels of unemployment.

Furthermore, the new system of economic organisation and management will incorporate elements of market economy in which enterprise is encouraged, while industrialising our economy.