The Zimbabwe Taxpayer’s Platform (ZITAP) notes the current celebration of stability of
the economy as evidenced by a single-digit in ation rate of 4.1% for the month of
January 2026.
The Reserve Bank of Zimbabwe’s deputy Governor, Dr Matshe, however, urges caution
that we must only begin to celebrate if we notice a sustained trend of this stability.
We agree with this caution, and, in fact, call for more policy actions in order to maintain
momentum towards a prosperous society.
The Minister of Finance must put more efforts in cutting taxes, both personal and
corporate, especially in institutions that are manufacturing locally such that we boost
employment and incomes.
Secondly, the government must also adjust its expenditure and leave more economic
space for the private sector. The current obtuse government, even spending more than
it is collecting remains a big risk to stability and growth.
As things stand, with Zimbabwe having a public debt of $21billion USD, much of which is
already due, ZITAP urges the Minister of Finance to whittle the state and improve
ef ciencies in public nance management. We make the case that, an ef cient public
administration, a functional parliament, the Auditor General (AG), and the Procurement
and Regulatory Agency of Zimbabwe (PRAZ)- the pressure for a bloated scus can go
away.
Sustained stability is not just a function of monetary policy, but the scal policy as well.
Taxing a monthly wage of $100USD erodes incomes and postpones aggregate demand,
and ultimately, slows down growth both in the short and long term.
As advocates of liberty and freedom, we posit that the best economic decisions are
made by individuals and corporates, the sum of which builds a picture of a free,
prosperous society.
Taxes must fall for Zimbabwe to prosper!