By Davison Vandira
GOVERNMENT’s stance to increase revenue streams and plug revenue leakages has been described as key for the country’s development agenda.
Zimbabwe’s Vision 2030 is firmly hinged upon a sustainable flow of revenues to support clearly defined economic strategies and policies.
It is against this background that the government, through the 2021 National Budget, has moved in to broaden its revenue streams through taxation of the informal sector, among other initiatives.
Not only did the government increase its revenue sources but also implemented measures such as computerising ZIMRA clearance systems and adopting a tracking system for imported goods in order to curb leakages that emanate from corruption and tax evasion.
In light of these fiscal measures, economic analyst, Mr Langton Mabhanga believes authorities are striking the right balance in driving the economic agenda forward.
“We commend the government on its stance to increase revenue collection to build key infrastructure that is critical economic enablers,” he said.
A development analyst, Mr Paison Tazvivinga expressed optimism of enhanced economic activity if correct usage of resources is implemented as spelt by the National Development Strategy one.
“As a citizen, I am encouraged by government’s current effort to increase capital expenditure as well as increasing its revenue sources to finance this important economic aspect,” he said.
The second republic has initiated massive infrastructure development projects in the transport, agriculture and social services sectors to drive economic development.