Some ZANU PF members have taken to social media to call for a cabinet reshuffle that will see Finance and Economic Development Minister Mthuli Ncube and Youth Minister Kirsty Coventry being reshuffled as they are accused of being incompetent.
Former Zimbabwe Youth Council Director Livingstone Dzikira said, "There is an urgent need for a Cabinet Reshuffle, Mthuli Ncube the Finance Minister has proven to be a complete disaster."
Dzikira's statements were echoed by ZANU PF activist Emmanuel Sunduza who added that Kirsty Coventry should be removed also.
Aspiring ZANU PF Harare DCC Zone 3 Secretary for Disability and Disadvantaged Rowdy Gift Mabhaudi said, "I was just assessing her (Coventry) just now and listening to her speak, I really need to understand like Westlife What makes a man…"
Another former ZANU PF Youth leader Tongai Kasukuwere said the whole cabinet failed but people were afraid to mention other names because they were scared of them.
Mnangagwa's cabinet was celebrated by all and sundry when it was first announced with people saying he has appointed a team of technocrats.
The so called technocrats who made it into cabinet were Professor Mthuli Ncube (finance and economic development), former Olympic champion Kirsty Coventry (youth, sport, arts and recreation), Obadiah Moyo (health and child care) and Winston Chitando (mines and mining development).
ZIMBABWEANS might have to brace for further belt-tightening after Finance Minister Mthuli Ncube indicated he is looking out for no less than $24 billion in tax revenue in the next financial year.
Ncube revealed this in his strategic paper that normally sets the tone for the country’s income and expenditure patterns for the year presented in the form of a national budget.
The tradition is that the budget is now presented to Parliament in November.
While citizens continue to cringe at the pain of his austerity measures, Ncube also announced a budget surplus of $803 million in the first half of 2019.
“A budget surplus savings of $803.6 million was attained during the half year, which culminated in domestic debt decline to $8.8 billion as at end June 2019, down from $9.5 billion recorded as at 31 December 2018.
“Of the total anticipated revenue, tax collections, are expected to increase to $23 853 billion in 2020 from $13.3 billion in 2019. Similarly, non-tax revenue is expected to surge to $948 million from $655 million,” the Treasury chief said.
Reports claims hawks in Zanu PF are not happy with Ncube’s reforms that they think are politically suicidal with the ruling party already looking out to the 2023 elections.
According to Ncube the final value of goods and services produced within Zimbabwe are expected to register a nominal growth of 5 % to reach $209 billion in 2020 while expenditures are estimated at $28.5 billion.
He added that total revenue collections supported by anticipated domestic market financing are estimated at $4.7 billion. He said government is looking at being able to sustain expenditures of around $28.5 billion.
“Of the total expenditures, capital expenditures are set at $7.1 billion while recurrent expenditure is projected at $21.4 billion.”
“The 2020 Budget will focus on enhancing revenue collection through advancing the ongoing Zimbabwe Revenue Authority and other administrative reform initiatives on broadening the tax base and closing revenue leakages,” he said.
“Due to this realisation, prominence will be on improving taxpayer compliance through facilitative Information Communication Technology based processes that, among other measures, simplify tax payment procedures, minimise taxpayer costs and also enhance records management,” the Finance Minister said.
Ncube added that revenue collection improving measures will however also be cognizant of the necessity of supporting local industry through appropriate tax supportive measures and other tax dispensations.
“On the expenditure side, government spending will be contained within sustainable levels, avoiding recourse to central bank overdraft facility and expenditures outside the budget,” said the Finance Minister.
A 2% tax introduced last October has remained controversial with industry players demanding its removal. However the Zimbabwe Revenue Authority has defended the tax arguing it could form the backbone of its revenue targets, allows for the taxing of the fast growing and hitherto informal sector.