By A Correspondent- In his new year’s address on the eve of 1 January 2020, President Emmerson Mnangagwa said the 2nd republic had successfully reigned in on the budget deficit in a development which had seen the nation attain budget surpluses.
He revealed that government would channel the budget surpluses to finance public services such as health care facilities, schools, roads and related projects that impact directly on the general populace’s welfare.
Said Mnangagwa:
“The fiscal discipline we have instilled under the Second Republic saw us rein in on the budget deficit.
The new trend of budget surpluses will continue and resources therefrom, used to finance more public services such as health care facilities, schools, roads and related projects with a direct impact on the people’s well being.
Resources towards devolution have been increased from the 2019 figure of ZWL720 million to about ZWL3 billion in 2020.
The onus is now on the various communities to accelerate the formulation and implementation of high impact projects which transform lives of our people.
We must all ensure that our ongoing development drive leaves no one behind. Let us all play a part.”