Page 3 - New Zimbabwe :: The 2014 National Budget Statement
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TABLE OF CONTENTS
MOTION ........................................................................................................................................... 7
INTRODUCTION .............................................................................................................................. 7
GLOBAL ECONOMIC DEVELOPMENTS AND OUTLOOK .........................................................11
Output ..............................................................................................................................11
Infation ........................................................................................................................... 14
Commodity Prices .......................................................................................................... 15
DOMESTIC ECONOMIC DEVELOPMENTS AND OUTLOOK ..................................................... 17
GDP Growth .................................................................................................................................. 17
Sector Performance and Outlook ............................................................................................... 19
Agriculture ...................................................................................................................... 19
Mining .............................................................................................................................. 29
Manufacturing ................................................................................................................ 37
Tourism ........................................................................................................................... 41
Energy ............................................................................................................................. 43
Construction ................................................................................................................... 44
Information Communication Technologies ................................................................. 47
Prices ......................................................................................................................................... 48
PUBLIC FINANCES ....................................................................................................................... 49
Revenues ........................................................................................................................ 49
Expenditures .................................................................................................................. 54
Health .............................................................................................................................. 56
Education ........................................................................................................................ 57
Capital Expenditure ...................................................................................................................... 58
Transport ......................................................................................................................... 59
2013 Supplementary Estimates................................................................................................... 62
Financial Sector ............................................................................................................................ 63
Deposits .......................................................................................................................... 63
Zimbabwe Stock Exchange ........................................................................................... 67
Insurance and Pensions Industry ................................................................................. 70
Prescribed Asset Status Requirements ....................................................................... 72
Contribution Pension Arrears ....................................................................................... 72
Exports ............................................................................................................................ 74
Imports ............................................................................................................................ 75
OFFICIAL DEVELOPMENT ASSISTANCE ................................................................................... 77
Programme Support ...................................................................................................... 79
EXTERNAL DEBT ......................................................................................................................... 86
Bilateral Debt ................................................................................................................................ 89
KEY ECONOMIC CHALLENGES .................................................................................................. 91
MACRO-ECONOMIC AND BUDGET FRAMEWORK ................................................................... 93
THE 2014 BUDGET FRAMEWORK .............................................................................................. 95



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