Who We Are
Welcome to the Ministry of Finance, Economic Development and Investment Promotion in Zimbabwe, led by Honourable Minister Prof. Mthuli Ncube. Our mission is to fairly manage and mobilize funds for public resources, fostering excellence in government finance, banking, and socio-economic development.
Towards a prosperous and empowered upper middle-income society with job opportunities and a high quality of life for its citizens by 2030 Zimbabwe Vision 2030 is “Towards a Prosperous and Empowered Upper Middle-Income Society by 2030, with Job Opportunities and a High Quality of Life for its Citizens”. Ministry of Finance and Investment Promotion will drive the realisation of the vision through crafting and implementing appropriate development plans and economic policies. Under the Macro-Economic Stability & Financial Re-Engagement Pillar, Treasury will to implement policies that ensure a stable macro-economic environment, attain a sustainable economic growth path, sound and solvent financial system, and inclusivity as well as mobilising resources to fund developments plans.
Core Ministry Functions
The Ministry is tasked with a number of functions which include the following
- Coordinate development and production of the national and provincial economic development plans;
- Undertake short, medium and long term projections and forecasts to guide macroeconomic policy formulation;
- Coordinate the formulation and production of the National Budgets and supportive policies;
- Formulate fiscal and other policy strategies including tax policies through the National Budget, Mid & Annual Term Fiscal Policy Review in support of overall economic activity, investment and trade;
- Collect revenue due to Government, in particular through the Zimbabwe Revenue Authority (ZIMRA);
- Mobilise domestic and international financial resources through the negotiation and conclusion of grant and loan agreements with private, bilateral and multilateral financial partners;
- Allocate and manage public resources consistent with fiscal and macroeconomic objectives;
- Manage and oversee public expenditure programmes and projects in liaison with Accounting Officers to ensure timeous, quality and value for money public service delivery;
- Manage and administer Government payroll and Pensions payments systems;
- Manage, account for and report for public resources, including among others, Consolidated Revenue Fund, Statutory Funds and other public funds;
- Provide Government accounting services, manage the Public Finance Management System;
- Manage the Public Debt portfolio;
- Review public procurement systems and procedures in liaison with the Office of the President and Cabinet and State Procurement Board;
- Oversee Ministries Internal Audit controls and consolidate Government Accounts;
- Supervise the regulation of Insurance Companies, Pension Funds and Securities Market;
- Monitor and curb capital flight, illicit foreign currency leakages, abuse of special financial facilities, in liaison with the Reserve Bank of Zimbabwe and other relevant Institutions; and
- Oversight over the Reserve Bank of Zimbabwe, the Zimbabwe Revenue Authority, the Zimbabwe National Statistical Agency, Infrastructure Development Bank of Zimbabwe, Zimbabwe Economic Policy Analysis and Research Unit, State Enterprises Restructuring Agency, People’s Own Savings Bank
Ministry Parastatals
