Buy Zimbabwe Chairperson Munyaradzi Hwengwere has expressed expectations that Finance Minister Professor Mthuli Ncube will address inflation, stabilize the exchange rate, and prioritize local content in the 2025 National Budget.
Speaking to Great Dyke News ahead of the budget presentation, Hwengwere highlighted the need for fiscal discipline and sustainable economic policies to curb inflation and strengthen the Zimbabwe dollar.
Hwengwere noted that public spending should align with available resources, cautioning against excessive government borrowing and money printing, which have historically fueled inflation.
He expressed hope that the government would focus on reducing the country’s import bill by supporting local industries and discouraging unnecessary imports such as toothpicks.
“A definitive statement on local content is crucial,” he said, adding that accountability in public procurement could ensure resources benefit domestic industries.
Hwengwere underscored the importance of supporting key sectors like mining and agriculture while leveraging local resources for infrastructure development.
He also highlighted concerns about the rising informalization of the economy and youth unemployment, which has led many young Zimbabweans to seek opportunities abroad.
Hwengwere anticipated that the budget would include measures to create decent jobs and reverse this trend.
Hwengwere further hoped that the government would maintain investments in critical infrastructure such as roads and dams while ensuring fiscal policies promote economic stability and growth.
