The way Biti simplifies complex issues and expresses his points is top-notch!! He is the best economist in this country because he has full understanding of all these issues.
Biti will never finish any presentation without mentioning the word PREMIUM...lol....He also got me when he said NOMINAL RITUALISM....l had to google that...lool...the guy is intelligent....
Hon Biti and Professor Mugano have the nation's interest at heart if only the 'powers that be' could engage them to craft better policies for sound economic policies that put Zimbabwe first.
Professor Mugano is a true professor, Biti is as usual 💯....How we're poor despite having these geniuses is beyond me.....the forces of evil are triumphing
We dealing with mafias, the country has been ruined down by bad appointments and corruption, nothing is happening on the ground Zimbabweans are suffering, these mafias.
I spent timentrying to get what Gwanyanya is saying, i couldnt get any point from his long speach or commentary. This speaks to lack to talent in Zanupf. All other speakers are straight to the point and brief. Gwanyanya said a lot but nothing to be honest
@TawandaSawi Sanctions prevent trade with The West and other allies? No definitely. Sanctions on a few individuals linked with Zanu PF don't seem to stop blueberries showing up in my local store in the UK. Sanctions don't seem to stop remittances from abroad. Sanctions didn't prevent the British govt partly funding the new construction at the Zim-SA border. Members of govt are have children who are US citizens. Please spare us this nonsense for someone else.
On the issue of the exchange rate, it is being manipulated in the sense that 'the willing buyers' who are represented by the banks do not constitute the entirety of the market. And not everyone can participate on the auction market. The little guy who wants 50 USD to go to Botswana cannot access the official market. So we end up with 2 markets- one for big industry and another one for everyone else. Unfortunately the parallel market has more players and reflects a rate closer to market equilibrium. I sign off.
Apparently,now it’s cheaper to fly from Byo to Harare for those who drive compared to paying tollgate fees If one adds fuel+ tollgate fees+ wear and tear, this adds up to airfare from Byo to Harare
It's quicker, yes, but not cheaper, why I say so. When you arrive with your own vehicle, you have the freedom to travel wherever you want at any time. As a mechanic long journey does not wear and tear your car, it is actually healthy for your car,
Biti is a knowledge hub which should be utilised to it's fullest, He is the best leader who can take Zimbabwe forward its a pity Zimbabweans enjoy student politics advocated by chamisa which has failed to mutate into national politics..
The fact is not that they don’t know what needs to be done but greedy and corruption. Biti can be President and still be swallowed by this African ignorance train that is starting to take over South Africa. A President needs capable advisors that he can listen to.
This other day l was trying to identify a CCC current MP who can speak economics like him in that parliament building, l failed to identify one just one who can argue and breakdown economic issues. Sad
I like the point on SAVING explained by Hon Biti. Banks charges pple for Savings accounts instead of paying a small interest on the credit balance. If you leave your USD100 in a bank account is 6 months there will be nothing- monthly charge, sms charge, statement charge etc
Speaker no.4 mentioned a very vital point on the issue of mineral export accountability which is supposed to be the key source of income to finance national budget.
Thank you. The budget doesn't make nay sense at all. It lacks transparent, and truth that the Minister and the Givernor have failed. The reality is it must be in USD, simple.
As Charlse Dickens puts it “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way.....”
Percy needs to know that they must first built confident to people to trust zim dollar again. How to do that they must present the budget in zim dollar and collect the taxes in zim dollar. Citizens must feel the need of the zim dollar. So if the government feel not to show love to the local currency then the majority will eventually not.
For the VAT issue this is only for companies with a threshold of USD25000 the challenge is that the informal players cannot prove that their thresholds are below USD25000 hence there comes the challenge. Sugar is not healthy it is like smoking so I believe that is welcome tax since it is also going to help serve cancer issues. I agree that there could be other means though to raise revenue. For us the issue is what is the revenue going to there should be clear presentation on how much is expected from these revenue collection intiatives and what is the income going to cover in the development of the country
Some sensitive ministries like finance don't need to be politicised on ministerial appointments, but rather proved competencies, l don't have to mention names here
Zimbabwe needs the likes of Biti, Nkosana Moyo, Mzembi, Chanakira, Mugano, Munyeza etc to take over as an alternative opposition for the next elections.
On his opening remarks, the minister made it clear who are the people who assisted him build the budget. You can not blame him alone........Jesus once said "...by their fruits you shall know them." Now, didn't you guys see Patrick Chinamasa and others' venom in that budget. svinurai murinde hama ruponeso rwave pedyo
According to my understanding , a budget is so important that, if Parliament rejects the budget, the Government will usually resign and an election will be held to elect a new Government.....Parliament could either adopt the budget or reject it in its entirety.... It happened in Ghana last year. Ghana’s parliament voted down the proposed national budget on 26 November 2021 because of a new levy on electronic money transfers..... True story, so I don't see why Zimbabwean parliament is not rejecting this budget
the problem is that the parliament is fullof the yes man of the day. they don't question everything that is being done. if you do so you are not patriotic
How could Persistence Gwanyanya invoke the Rhodesian legacy as a factor contributing to Zimbabwe's macroeconomic challenges? This is 40 years after independence. Forbid!
The government official is just bypassing the true evil his employers , Biti , Prof Muganu spoke without any fear or favour but exposed the flaws of a system hellbent on destroying its own citizens by hook or crook, the first speaker said some good points, he was kind of neutral, it could be fear of reprisals business wise.
The government has no courage to make bold decisions especially when it comes to the establishment of our own legal tender.They collect taxes in US$ and pretend the economy is somewhat on local RTGs..
The way Biti simplifies complex issues and expresses his points is top-notch!! He is the best economist in this country because he has full understanding of all these issues.
Biti will never finish any presentation without mentioning the word PREMIUM...lol....He also got me when he said NOMINAL RITUALISM....l had to google that...lool...the guy is intelligent....
I was really impressed by Prof Gift Mugano, an oasis of knowledge🙌🏾
Hon Biti and Professor Mugano have the nation's interest at heart if only the 'powers that be' could engage them to craft better policies for sound economic policies that put Zimbabwe first.
Rather, the powers that be actually prioritize Tshabangu and put only him first😮
Well said honourable Biti thank you
Professor Mugano is a true professor, Biti is as usual 💯....How we're poor despite having these geniuses is beyond me.....the forces of evil are triumphing
Care to enlighten us on these mystirical 'forces of evil' and what they are 'triumphing' about😮?
we hv these think tanks in the terrace and these Persistence things holding fort.
Prof Gift Muganhu and Biti on the same bench, what a great thing. These guys know economics.
Biti needed full time to keep us up to date will our economy ❤
When i see Biti i see wisdom to the fullest always
Well done Tendai Biti and Professor. who said ZANU PF person
We dealing with mafias, the country has been ruined down by bad appointments and corruption, nothing is happening on the ground Zimbabweans are suffering, these mafias.
Bit knows very well this game
tendai biti is a genuis. such a joy to listen to. respect also to prof mugano.
I spent timentrying to get what Gwanyanya is saying, i couldnt get any point from his long speach or commentary. This speaks to lack to talent in Zanupf. All other speakers are straight to the point and brief. Gwanyanya said a lot but nothing to be honest
True, there was no really analysis in terms of the 2024 budget
knuf respect to the moderator, his style is world class. we need more of this guy moderating more sessions
These types of discussions must be contacted regularly. My observation on today's economic discussion is that those who know don't have power.
100% correct
You observe wrong lyrics...from a sanctions skewed position.
@@robertthreads4547talking about sanctions and then brag about being leading exporters. Give us a break with that nonsense
@@Tripleexelare you saying we don't have sanctions
@TawandaSawi Sanctions prevent trade with The West and other allies? No definitely. Sanctions on a few individuals linked with Zanu PF don't seem to stop blueberries showing up in my local store in the UK. Sanctions don't seem to stop remittances from abroad. Sanctions didn't prevent the British govt partly funding the new construction at the Zim-SA border. Members of govt are have children who are US citizens. Please spare us this nonsense for someone else.
On the issue of the exchange rate, it is being manipulated in the sense that 'the willing buyers' who are represented by the banks do not constitute the entirety of the market. And not everyone can participate on the auction market. The little guy who wants 50 USD to go to Botswana cannot access the official market. So we end up with 2 markets- one for big industry and another one for everyone else. Unfortunately the parallel market has more players and reflects a rate closer to market equilibrium. I sign off.
I am not an economist, but i found this debate interesting and enlightening. ❤
Biti and Pro Mugano are our national assets. Biti touched at the strategic level and Prof. broke the Budget into units a rural person can understand
Broke
Thanks.
Apparently,now it’s cheaper to fly from Byo to Harare for those who drive compared to paying tollgate fees If one adds fuel+ tollgate fees+ wear and tear, this adds up to airfare from Byo to Harare
It's quicker, yes, but not cheaper, why I say so. When you arrive with your own vehicle, you have the freedom to travel wherever you want at any time. As a mechanic long journey does not wear and tear your car, it is actually healthy for your car,
@@shaungranger2166but that neglects the presence of potholes it's safer for your car to stay and for you to fly
Assuming you are travelling alone and you're going to do business at the airport and you've no charges at the airport
@@shaungranger2166 do not overlook road accidents especially in Harare with an outdated congested road network.
@@trivagravia4837 it's a premium road ka
Biti is a knowledge hub which should be utilised to it's fullest, He is the best leader who can take Zimbabwe forward its a pity Zimbabweans enjoy student politics advocated by chamisa which has failed to mutate into national politics..
The fact is not that they don’t know what needs to be done but greedy and corruption. Biti can be President and still be swallowed by this African ignorance train that is starting to take over South Africa. A President needs capable advisors that he can listen to.
Professor Mugano number1
Biti as always, a genius pa excellent together with Prof Mugano
Gwanyanya must answer the following questions
1 Why did the minister use the Zim dollar currency in the budget and yet charge taxes in US$
Percy is just securing his job at RBZ, nothing else. what else can he say.
Budget to punish people 😢😢
Thank u vry much Prof Muganhu hey u explain it well
Persistence he is missing it in a big way. thumbs up Professor, Honourable and Brains
Biti is very eloquent
This other day l was trying to identify a CCC current MP who can speak economics like him in that parliament building, l failed to identify one just one who can argue and breakdown economic issues. Sad
Biti is a genius. Prof Mugano is an expert par-excellence
Percy do you have Zimbabwe 🇿🇼 dollars in your pocket?
I like the point on SAVING explained by Hon Biti. Banks charges pple for Savings accounts instead of paying a small interest on the credit balance. If you leave your USD100 in a bank account is 6 months there will be nothing- monthly charge, sms charge, statement charge etc
One of my life’s goals is to evade the Zimbabwean type of leadership. My life can’t be like Zimbabwe. I’m taking notes on what not to be.
Productive discussion, everyone was talking like a Zimbabwean, well done keep it up.
I salute Mr Biti and Professor Mugano, they are learned people and they have the heart for nation, truly people are over buddened.
They cannot with a straight face call a home worth 100k a mansion. This is just going to punish certain post codes
Speaker no.4 mentioned a very vital point on the issue of mineral export accountability which is supposed to be the key source of income to finance national budget.
Really liked this video, thanks to the moderator and the panelists for enlightening the situation at hand
Prof Mugabhu and Hon. Biti should be heading the Finance ministry.
Enlightening contributions from Prof Mugano,Biti and Muchemwa .Sound economic planning require intensive consultation/inclusivity.Command economics doesn't work.
"Is it a crime that we were born in Zimbabwe? "😢
Man this symposium reveals how much brains we have and they are being stifled by politics
Percy uri murwere wanzwa
Thank you. The budget doesn't make nay sense at all. It lacks transparent, and truth that the Minister and the Givernor have failed. The reality is it must be in USD, simple.
Does Mthuli and Mnangagwa listen to discussions like this one where they can free lessons on how to run the country?
As Charlse Dickens puts it “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way.....”
well put
everyone is resisting the persyyyy logic
great debate, very informative and intriguing
The moderator is good
cement discussions very concrete economic principles
Think tanks
Serous knowledge being discussed
Everyone sitting there lives in mansions and their kids attends A schools.
We will just listen since we are not that financially informed
Thats why they are trying to inform you.
Upper middle 🎉🎉🎉🎉🎉 geniuses fantastic
Well explained hon Biti
Well said Biti
Prof Mugano thumbs up sir.
Percy needs to know that they must first built confident to people to trust zim dollar again. How to do that they must present the budget in zim dollar and collect the taxes in zim dollar. Citizens must feel the need of the zim dollar. So if the government feel not to show love to the local currency then the majority will eventually not.
Kudos to the moderator
Mudhara Ken "asparka"
"Ndati matsotsi aye atanga" Tendai Biti
There is need to tighten foreign exchange control... If there are billions coming from exports, how is the Zim dollar so weak?
Biti is the financial guru
Prof mugano pointed it out what amount the gvt need to raise from taxes and what the amount is going to be used
For the VAT issue this is only for companies with a threshold of USD25000 the challenge is that the informal players cannot prove that their thresholds are below USD25000 hence there comes the challenge. Sugar is not healthy it is like smoking so I believe that is welcome tax since it is also going to help serve cancer issues. I agree that there could be other means though to raise revenue. For us the issue is what is the revenue going to there should be clear presentation on how much is expected from these revenue collection intiatives and what is the income going to cover in the development of the country
how the man Biti has dropped the yellow colors is worrying....!😢😪
These are people who must be in the ministry of finance not these guys its time up their certificates must be probed
Some sensitive ministries like finance don't need to be politicised on ministerial appointments, but rather proved competencies, l don't have to mention names here
Well said here exposing such ministries to political toxicity it's such a shame that is draging us back
I thought in 1979 Zimbabwe Rhodesia was using a different currency.
How can you compare Zim with Malawi? Road Port is nice than Kazuzu International Airport, this guy wamunoti Percy l think is not Okay at all.
Chamisa destroyed the voice of the people, Biti will be remembered in these situations even though he was not listened by the government
How did he do that? It's Mnangagwa who has actually silenced the voice of desent
Zimbabwe needs the likes of Biti, Nkosana Moyo, Mzembi, Chanakira, Mugano, Munyeza etc to take over as an alternative opposition for the next elections.
On his opening remarks, the minister made it clear who are the people who assisted him build the budget. You can not blame him alone........Jesus once said "...by their fruits you shall know them." Now, didn't you guys see Patrick Chinamasa and others' venom in that budget. svinurai murinde hama ruponeso rwave pedyo
According to my understanding , a budget is so important that, if Parliament rejects the budget, the Government will usually resign and an election will be held to elect a new Government.....Parliament could either adopt the budget or reject it in its entirety.... It happened in Ghana last year. Ghana’s parliament voted down the proposed national budget on 26 November 2021 because of a new levy on electronic money transfers..... True story, so I don't see why Zimbabwean parliament is not rejecting this budget
the problem is that the parliament is fullof the yes man of the day. they don't question everything that is being done. if you do so you are not patriotic
You watch a lot of tv
Did Ghana 🇬🇭 government resigned after Parliament rejected the Budget?
Zim is different. A lot of those MPs are just told how to vote
Remember the new MPs have not been given new cars etc so shooting this budget is detrimental to their 'eating'.
Biti and Mthuli must debate finance
Haa Biti chinoziva shem....RESPECT!
Sei vanhu vachiseke zvisina basa.This is a serious issue and some people are actually laughing
Zanu haina ma learned ppl ndazobvuma hangu tiri kutungamirwa nemadofo
This panel is dangerous. Prof Muganhu and Hon Biti
Dis are pple shud be in government they knw wat nidz to be done
How could Persistence Gwanyanya invoke the Rhodesian legacy as a factor contributing to Zimbabwe's macroeconomic challenges? This is 40 years after independence. Forbid!
And when biti said since 1960 zim has been in depression you didn't listen
Hon Tendai Biti❤
We are not here for politics honorable Biti..we're here to analysis the budget
You're a fool
The government official is just bypassing the true evil his employers , Biti , Prof Muganu spoke without any fear or favour but exposed the flaws of a system hellbent on destroying its own citizens by hook or crook, the first speaker said some good points, he was kind of neutral, it could be fear of reprisals business wise.
we are facing draught but we wasting money on by election instead on securing grain for the future
Biti💪👌
real people..................what does this man mean
Speaker number said nothing
Debating while the county goes down the drain ...the military must arrest these incompetent criminals Mnagagwa and Mthuli and their zanu pf government
@BITI bigup Prof...
The fourth speaker is a true zanu pf
Persy is not answering Why having budget in Zim dollars, yet the government itself is getting revenue in USD.?
Such an apt analysis. Perseverance should just accept reality and not always stand in defense of things that are not pro-people
Unpalatable indeed
I didnt do economics but ndakazvionawo kuti budget iri hameno zvariri
We need Biti at the forefront.
Prof Muganhu and Hon Biti are assets to the nation i wish zanu pf can listern.But ukangofunga kuti vanaMutsvangwa unobva wangoziva kuti havsterere
Biti anoziwa hake uyu
Biti chibaba
Lol, what are they budgeting for, you need money to have a budget! But still, I found it quite entertaining 😂😂🤣
The government has no courage to make bold decisions especially when it comes to the establishment of our own legal tender.They collect taxes in US$ and pretend the economy is somewhat on local RTGs..
Dangerous panel indeed 😅