FINANCIAL ADJUSTMENT BILL
Ministry of Finance and Economy Development
: Cabinet approved principles.
: Date of gazetting [link].
: Veritas Commentary on the Bill [link].
To condone unauthorised expenditure incurred by the Ministry of Finance and Economic Development for the year 2020 and 2019.
ENACTED by the Parliament and the President of Zimbabwe.
1 Short title
This Act may be cited as the Financial Adjustment Act, 2022.
2 Condonation of unauthorised expenditure for year ended 2020
The incurring of the following expenditure in excess of that which was appropriated in terms of Part 3 of Chapter 17 of the Constitution or for which no money was appropriated under that Part, is condoned—
the Ministry of Finance and Economic Development during the financial year ended on the 31st December, 2020, in an amount of ZWL$100 690 788 418 (one hundred billion six hundred and ninety million seven hundred and eighty-eight thousand four hundred and eighteen Zimbabwe dollars) for year ended 2020.