Zimbabwe News Update

🇿🇼 Published: 07 May 2026
📘 Source: Zambia Monitor

Government has emphasized that strengthening domestic revenue mobilisation remained critical to sustaining macroeconomic stability, financing public services, supporting infrastructure development, and creating fiscal space for economic transformation and job creation. The Ministry of Finance and National Planning placed emphasis on domestic revenue mobilisation following the call on stakeholders to submit proposals and recommendations for consideration in the preparation of the 2027 National Budget. In a statement issued in Lusaka on Thursday, the ministry which has placed the deadline for budget submissions on Tuesday, June, 30, 2026, said this was also part of the Medium-Term Budget Framework covering the 2027–2029 period.

“Stakeholders from the private sector, academia, civil society, professional bodies, cooperating partners, research institutions, and members of the public are encouraged to submit proposals using the prescribed structured format outlining the policy challenge, proposed reform measure, expected impact, and implementation considerations,” it said. The ministry said the call for submissions was being made in accordance with Section 33 of the Planning and Budgeting Act No. 1 of 2020, which provided for stakeholder participation in the formulation of the National Budget and medium-term fiscal planning frameworks.

It stated that the consultative step formed part of Government’s broader efforts to strengthen fiscal sustainability, improve domestic resource mobilisation, enhance expenditure efficiency, and align economic policy reforms with Zambia’s long-term development agenda under the national development plan framework. The ministry said among the areas identified for stakeholder input include rationalisation of tax exemptions and incentives, mining taxation and revenue stabilisation, corporate income tax reforms and Value Added Tax (VAT) efficiency improvements. Others are taxation of emerging sectors such as the digital economy and environmental activities, Customs modernisation and anti-smuggling measures, property taxation reforms, informal sector integration strategies and expansion of taxpayer registration systems.

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Additionally, digitisation and smart invoicing systems, measures to improve expenditure efficiency and reduce wasteful spending, and strengthening transparency, accountability, and inter-agency coordination across Government institutions. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.

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Originally published by Zambia Monitor • May 07, 2026

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