With the powers vested in me as a proud Zimbabwean Citizen, I call upon the Minister of Finance, Economic Development and Investment Promotions Professor Mthuli Ncube to present fiscal measures aimed at complimenting the monetary policy measures presented by Dr John Mushayavanhu
@ReserveBankZIM
.
In this regard, the Minister of Finance must address the following:
1. Directing all local payments by the GOZ to be in ZiG;
2. Directing all duties, taxes, levies and fees including government services such as passports, birth certificates, death certificates, etc to be in ZiG;
3. Directing fuel stations to accept both ZiG and USD – this must enforced in line with the spirit of the use of multi-currency regime;
4. Recalibrating the financing model for the public infrastructure with a view to move away from using cash to long term finance e.g., diaspora bonds;
5. Setting aside a budget for the liquidation of 25% export retention surrender requirement view a view to stop the RBZ from printing of money;
6. Present a new budget statement in ZiG – this budget must include a supplementary budget with a view to accommodate the exchange movements as the current had been eroded by exchange rate upheavals. This submission is grounded on the fact that the fact that the exchange rate shot from ZWL$6,000/US$1 when the 2024 budget was presented to ZWL$33,882.72 as at 5 April 2024.
7. Downward review of taxes and elimination of some tax heads such as the sugar tax – the current tax regime is causing inflation in USD which means that inflation in ZiG will be massive.
If the Minister of Finance fail to take hid of this call and wait to present his mid term budget review in July and most importantly stick the exclusive use of USD at the expense of ZiG, I will gladly volunteer to be the undertaker of the ZiG!
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