bitiiiiiiiiii.jpgGovernment has unveiled the 2012 National Budget Roll Out Plan as pressure mounts on Finance Minister, Mr. Tendai Biti to consider policies that benefit Zimbabweans.

 

The 2012 National Budget Roll Out Plan is among other factors expected to provide a platform for consultations involving government and the private sector ahead of the budget’s presentation on November 16 this year.

Finance Minister, Mr. Tendai Biti however admitted at a media briefing in Harare that fiscal authorities face a tough task in balancing expenditure and revenue requirements after missing several key macro-economic targets this year.

“Off course this is likely to be a major stumbling block taking into account the current economic pressures,” said Biti.

Consultations for the 2012 national budget are being made when Minister Biti is being criticised by industry and households over failure to adequately mobilise funds for the revival of productive sectors.

Economic observers are calling on government to avoid consulting western-backed funding institutions such as the International Monetary Fund and the World Bank in crafting the 2012 national budget arguing that the failure by such institutions to provide funding to Zimbabwe reflects their lack of commitment to economic recovery.