Mthuli Ncube answer budget questions [Download]

Mr Speaker Sir, the total bids for the 2025 National Budget are over ZiG$700 billion against budget envelope shared through the second budget call circular with a ceiling of ZiG140 billion. That is 5 times the ceiling of 18% of GDP.

Mr Speaker Sir, let me inform the House that the 2nd Budget Call Circular was issued before depreciation of the domestic currency. Therefore, we are updating the fiscal framework to take into account the new changes which will allow an upward review of ceilings