bitiiiiiiiiii.jpgFinance Minister Tendai Biti will face a tough balancing the act in the forthcoming national budget which is expected to be presented within the next few days.

As Treasury finalises the 2012 National Budget presentation after widespread consultations, the Finance Minister will seek to satisfy the nation’s economic, social and political demands.

The budget is expected to help maintain macro-economic stability, fuel economic growth as well as cater for critical social services such as health and education.

A business consultant, Mr Chris Kasiyazi says there is so little in government coffers against great demand.

“Indications are that revenue collections will reach US$3,5 billion but how will this money be shared? Line ministries require money, agriculture needs to be funded then there is the civil servants salary bill,” said Mr Kasiyazi.

An industrialist, Mr Simon Takainga says there is need to create a balance between funding the social sector and aiding industrial growth, while economic analyst, Mr Jonathan Kadzura believes the agricultural sector should be prioritised.

“Bread and butter issues must be addressed and at the same time agriculture should be funded,” said Mr Kadzura.

Minister Biti is also expected to make a provision for harmonised elections next year.

Moreover, stakeholders in the health sector are calling on the country to adhere to its undertaking to allocate 15% of the national budget to health as in the provisions of the Abuja Declaration of 2001.

Under the Comprehensive Africa Agriculture Development Programme agreed by COMESA heads of state in Maputo in 2003, Zimbabwe also undertook to allocate 10% of the national budget to agriculture.

With civil servants salaries expected to chew about US$2,1 billion from government’s projected US$3,5 billion income, analysts say revenue from diamond sales may have to help in financing the national budget.