Zimbabwe’s developmental prospects have been bolstered by projections to collect over US$7 billion in revenue for 2025, surpassing the previous year’s targets and laying a foundation for increased funding of government projects.
Zimbabwe Revenue Authority (ZIMRA) Commissioner General, Ms. Regina Chinamasa, revealed that revenue collections for 2024 exceeded expectations, reaching over US$6 billion. Building on this momentum, ZIMRA has set an ambitious target of US$7 billion for 2025, focusing on enhanced resource mobilisation and revenue generation.
Key tax heads, including Value Added Tax (VAT), corporate tax, customs duties, Pay As You Earn (PAYE), and mining royalties, are expected to drive revenue growth. These collections will support critical areas such as infrastructure development, employment costs, and other capital projects vital to Zimbabwe’s economic growth.
“Zimbabwe has the capacity to mobilise resources effectively. As the authority responsible for raising state revenue, we are committed to using all available instruments to increase collections. Collaborating with taxpayers remains central to achieving our goals,” Ms. Chinamasa stated.
The revenue collection efforts align with Zimbabwe’s domestic resource mobilisation agenda, particularly as donor funding accounts for just 20% of the national budget. ZIMRA’s strategies aim to address revenue leakages, improve tax compliance, and optimise economic gains through ongoing initiatives and long-term measures.
Under the government’s devolution agenda, increased revenue inflows will further enhance infrastructure development across provinces. The growth trajectory is also supported by improved economic conditions, including a favourable summer cropping season, which is expected to positively impact industry and commerce.
By prioritising resource mobilisation and compliance, Zimbabwe seeks to sustain and expand its revenue base, ensuring the successful implementation of its developmental agenda and fostering national economic resilience.
