Zimbabwe’s economy recorded an impressive growth of 8.3% in its Gross Domestic Product (GDP) of 2025, with a projection of a further 5% expansion in 2026.
Presenting the country’s economic outlook, during a meeting with the Parliamentary Portfolio Committee on Budget, Finance and Investment Promotion, yesterday, the Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, said Zimbabwe’s key economic indicators remained positive as Parliament reviewed the implementation of the 2026 National Budget and preparations for the 2027 Budget Strategy Paper.
“Zimbabwe recorded 8.3% GDP growth in 2025, with 5% growth projected for 2026. The performance reflects the impact of Government’s economic reforms and continued implementation of development programmes under the National Development Strategy,” he said.
Professor Ncube said that Government expenditure had remained on course, enabling the financing of priority programmes and essential public services.
“Budget expenditure reached ZiG98.2 billion by May. Treasury has continued to prioritise infrastructure development, social service delivery and productive sectors of the economy while maintaining fiscal discipline,” he noted.
The Finance Minister also highlighted continued macro-economic stability, saying inflation had remained low during the first half of the year.
“Inflation averaged 4.4% in the first half of 2026, while the exchange rate remained broadly stable,” he said.
Professor Ncube advised that maintaining price stability and exchange rate stability remained central to Government’s economic policy framework, as these factors were critical for protecting household incomes, boosting investor confidence and creating a predictable business environment.
“The positive economic indicators will guide the formulation of the 2027 Budget Strategy Paper, which will outline Government’s fiscal priorities and resource allocation for the coming financial year,” he said.
The meeting with the Parliamentary Portfolio Committee on Budget, Finance and Investment Promotion provided legislators with an opportunity to assess progress made in implementing the 2026 National Budget and to offer input into the country’s fiscal planning process ahead of the 2027 budget cycle.
Furthermore, Government has consistently maintained that sound fiscal management, macro-economic stability and targeted investments will remain central to achieving inclusive economic growth, creating employment opportunities and accelerating Zimbabwe’s transformation into an upper middle-income economy by 2030.
