Zimbabwe’s 2025 budget: A balancing act between austerity and growth amid economic turbulence

FINANCE, Economic Development and Investment Promotion minister Mthuli Ncube’s presentation of the 2025 national budget in Parliament last week painted a picture of cautious optimism, setting an ambitious 6% GDP growth target against the backdrop of persistent economic challenges facing the southern African nation.

In his address, themed “Building Resilience for Sustained Economic Transformation“, Ncube projected a recovery from 2024’s modest 2% growth, pinning hopes largely on anticipated favourable weather conditions. “The La-Nina weather phenomenon, usually associated with normal to above-normal rainfall, is going to be the major driver of growth in agriculture and electricity generation,” he said.

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