To apply a sum of money for the service of Zimbabwe during the year ending on the 31st December, 2010.
ENACTED by the President and the House of Assembly.
1 Short title
This Act may be cited as the Appropriation (2010) Act, 2009.
In this Act-
"Estimates of Expenditure" means the Estimates of Expenditure for the year ending 31st
December 2010, submitted to and passed by the House of Assembly;
The purpose of this Bill is to establish an independent office of the Comptroller and Auditor General as an office outside the Public Service, and to provide for the administration of the office and the conditions of service for its members.
The individual clauses of the Bill are explained below:
This Bill will amend the Finance Act [Chapter 23:04], the Income Tax Act [Chapter 23:06], the Capital Gains Tax Act [Chapter 23:06], the Value Added Tax Act [Chapter 23:12] and the Customs and Excise Act [Chapter 23:02] and other Acts. In more detail, the individual clauses of the Bill provide as follows:
If a Government Ministry or Department spends money in any financial year in excess of the amount appropriated, or for a purpose for which nothing was appropriated, the Minister of Finance is required by section 103(5) of the Constitution to cause a Bill condoning the unauthorized expenditure to be presented to Parliament within the next fourteen sitting days of Parliament after the extent of the expenditure has been established.
It is my pleasure to update you on the activities of the SADC Association of Parliamentary Budget Committees - a very strategic institutional framework that seeks to broaden the knowledge base and frontier for the Budget Committee in SADC member countries.
Parliament holds the 'power of the purse' which means that it authorizes all expenditures and all revenues to be collected by the executive and is empowered to hold the executive accountable.
HARARE - We announce the arrival of a new addition to the SAPST family...we are excited to unveil a new baby in SAPST News a quarterly in-house newsletter circulated among our friends, partners and the good donor community to whom we are greatly indebted for the continued support that so ever strengthens our resolve to fulfil the vision of building a democratic and modern parliamentary system across Southern Africa.
THE Board of Trustees of the Southern African Parliamentary Support Trust (SAPST), at its inception in 2007, set its sights on a regional foothold for the organisation to ensure that its successes at home would cascade into the Southern African Development Community (SADC) region. SAPST broke new ground when, in 2016, it secured a two-year grant from the US Department of State, Bureau on Democracy, Human Rights and Labour (DRL) for a programme to be undertaken in Botswana, Lesotho and Malawi.
Amendment 19, Sec 117
This Bill will amend the Reserve Bank of Zimbabwe Act [Chapter 22:15] principally to bring the powers of the Governor of the Reserve Bank under the control of the Bank’s Board, to clarify the functions of the Bank, and to require the Bank to increase its reserves. In more detail the individual clauses of the Bill provide as follows:
This clause sets out the Bill’s short title.
I am delighted to present the maiden statement for the 2011 Working Session for the SADC Association of Parliamentary Budget Committees (SADCAPBC), a regional initiative that I have presided over since inception in July 2010. It is with great pride and honour that I wish to confirm the growth of the project since then both in terms of membership and scope.
The Minister of Finance and Economic Development presented the Annual Budget Review for 2016 and the 2017 Outlook to Parliament on 20 July 2017. This is in line with provisions of the Public Finance Management Act (PFMA)1 which requires the Minister to ensure that full and transparent accounts are from time to time, and not less than annually, are submitted to Parliament indicating the current and projected state of the economy, the public resources of Zimbabwe and the fiscal policy of the Government.
Following upon the agreement (referred to in this Memorandum and Bill as the “Interparty Political Agreement”) between the Presidents of ZANU-PF and the two formations of the MDC, signed on the 15th September, 2008, this Bill seeks to establish the National Security Council on s statutory basis, and to allocate certain seats on the Council between the parties.
In more detail the Bill provides as follows:
This clause sets out the Bill’s short title.
Zimbabwe, which had enjoyed dollarisation-induced economic stabilisation spin-offs during the period 2009-2013, has since then shown signs of fragility, with GDP collapsing from peaks of 10.6% in 2010 to present levels of 1.1% in 2015, and 0.7% for 2016 as the country grapples with a tight liquidity situation. GDP is projected to recover significantly to 3.7%1 in 2017 following a major rebound in agriculture sector performance estimated at 20%2 during the 2016/2017 marketing season.
Basically deals with all aspects of resource management and expenditure in Government. Collection of sufficient resources from the economy in an appropriate manner along with allocating and use of these resources efficiently and effectively constitute good financial management. Just as managing finances is a critical function of management in any organisation, similarly PFM is an essential part of the governance process. Positive correlation between strong PFM and public service delivery