Zimbabwe's President Emmerson Mnangagwa has officially launched the 2025 National Budget. He signed two laws authorizing the government to spend the money. Finance Minister Mthuli Ncube presented the budget in November.
The budget is worth ZiG276.4 billion. Most of this money comes from taxes. The rest comes from other places, like fees. The government can start using the money now. It can also collect taxes at the new rates.
Parliament talked about the budget for five days. They wanted to know how it would help different people and grow the economy. Professor Ncube said things like building dams for farming would help. Supporting banks for women was another idea.
The budget gives the most money to schools, giving ZiG46.7 billion to primary and secondary education, ZiG28.8 billion to health care, and a lot of money to agriculture.
People pay different amounts of taxes based on their income. Some don't have to pay any taxes, while others pay up to 40% of their income.
There are also new taxes. If you win money from sports betting, you'll have to pay a 10% tax. Fast food restaurants will pay an extra 0.5% tax. Plastic bags will cost 20% more.
The President and Parliament hope the budget will help Zimbabwe's economy. They want to support important things like schools, health care, and farming.
The budget is worth ZiG276.4 billion. Most of this money comes from taxes. The rest comes from other places, like fees. The government can start using the money now. It can also collect taxes at the new rates.
Parliament talked about the budget for five days. They wanted to know how it would help different people and grow the economy. Professor Ncube said things like building dams for farming would help. Supporting banks for women was another idea.
The budget gives the most money to schools, giving ZiG46.7 billion to primary and secondary education, ZiG28.8 billion to health care, and a lot of money to agriculture.
People pay different amounts of taxes based on their income. Some don't have to pay any taxes, while others pay up to 40% of their income.
There are also new taxes. If you win money from sports betting, you'll have to pay a 10% tax. Fast food restaurants will pay an extra 0.5% tax. Plastic bags will cost 20% more.
The President and Parliament hope the budget will help Zimbabwe's economy. They want to support important things like schools, health care, and farming.
