Professor Mthuli Ncube, the Zimbabwe Minister of Finance, crowd-sourced for 2019 Budget ideas on Twitter yesterday. He posted:
We are very busy working on the 2019 Budget for #Zimbabwe and my team is going around the country to listen and consult with citizens and their parliamentary representatives. What ideas and suggestions do you have for my team to address in the 2019 budget?
— Prof. Mthuli Ncube (@MthuliNcube) November 7, 2018
Below are some of the responses from the Twimbos:
# Kill bond notes
# Avail funding for a first class police crime lab and AFIS
# Cut funding to command agriculture
# Stop RBZ “allocations” – RBZ must get out of commodity procurement
# Health, Transport and Education budgets ideally should be allocated by province
— Mduduzi Mathuthu (@Mathuthu) November 7, 2018
The budget will obviously be in US dollars and we will be getting paid in Bond notes. I am not sure how the two are going to be reconciled without diminishing the value of our salaries. Officially bond is 1:1 but the market says something else. Where are we heading as an economy?
— Steve (@Thandiwestephan) November 7, 2018
Lets have one currency even if its Indian Rupee, so that we wont have 3 tier pricing system & markert confusion. You get salary in RTGS, you will change it to Bond on 113%, then change that Bond at 230% to get USD. Multi currency had failed! Rand or Pula or Dollar not concoction!
— #Budget19🇿🇼. (@zimbocitizen) November 7, 2018
Thank you Minister. I personally would want the following to be done
1. Can you set up an audit team for the loans acquired by ZAMCO with a view of full disclosure of the borrowers?
2. Revamp the RBZ & bring back confidence in the banking system.
3. Respect public auction of TBs
— Luther Malcom Hove (@Luther_Hove) November 7, 2018
2% tax must go. Defence MUST NOT get the highest amount of money. We do not have a war so why does the Ministry of Defence get a bigger budget than health or education. It’s sickening. Bank charges are ridiculous! BOND NOTE MUST GO.
— Karanga Princess (@MelissaWhyppe) November 7, 2018
1. Remove tax on importation of industrial machinery for start-ups you can recover when we employ people through PAYE and corporate tax.
2. Remove charges for diaspora remittance and offer incentives for such.
— Farai Nyamupinga (@FaraiNyamupinga) November 7, 2018
Kkkkkkk what type of budget with your bond notes which is losing value everyday
— Great Lion (@Abel28455222) November 7, 2018
Blockchain and crptocurrencies are inevitable and necessary.
How far are we in terms of regulations ? Secondly we need a budget for ICT skills development in areas like cyber security and blockchain.We need a fund for these.
— Robert Ndlovu (@RobertNdlovu) November 7, 2018
Address the multitier pricing system. Allow formal shops to also have dollar price so that we know their real $ price if you can’t float RTGs. Find avenues of getting revenue in real dollars otherwise making exporters finance everyone is not sustainable already.
— Kuda Mugova 🇿🇼🇿🇦 (@kmugova) November 7, 2018
Nothing. .nyangwe tikataura tikachema hamuna basa nesu..takati hatidi ma bond asi hamuna kutinzwa..tikati 2% irikutirwadza mukati tikaure..tikati mangudya ngaaende nekuti akati he will resign kana bond ra failure but imi mukati makutiwedzera term yake..itai
— Nyasha Mandiziba (@nmandiziba) November 7, 2018
Get into Rand monetary union.
— Stephen (@stevo_wase_BF) November 7, 2018
But @MthuliNcube first thing first Honorable.. We are not happy with everyday skyrocketing of prices. May you please address the issue with urgency before you talk of 2019 budget
— lungahandie (@Sitshoni1) November 7, 2018
The economy/business people have dollarised already. Businesses are charging in USD already. Consumers are forced to look for USD currency. Why gvt is not officially dollarising the economy? This happened in 2009, officialise USD now sir for your reputation. We need to use USD.
— Zimax (@zimaxist) November 7, 2018
Address corruption. As you might be aware Hon,Global Competitiveness Report (2016-2017 Edition) identified corruption as the 3rd most problematic factor for doing business in Zim. Support the development of an Anti Corruption Strategy @Mucha_MPM @AnnaMDupont @mukasiri @ProsperTM pic.twitter.com/EDNqbZdHmI
— Shone Farayi (@shonefarayi) November 7, 2018
A note from StartupBiz Zimbabwe: Everyday we send business updates via Whatsapp. Click the link to join: https://chat.whatsapp.com/BPsoJAGcpc3I75GdVgFUnb or send the word join via Whatsapp to +263778798072 (Whatsapp us by clicking the link https://wa.me/263778798072).