Biti to present Budget Review Statement

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    Finance Minister Tendai Biti’s statement will be presented in Parliament Wednesday afternoon.

    The review Statement will accommodate new ministries overlooked by then acting Finance Minister Patrick Chinamasa when he presented the 2009 Budget on January 29.

    In January, Chinamasa presented a US$1.9 billion balanced budget where expenditure levels equal revenue collection- the first time the country has had a balanced budget since independence.

    Biti’s statement comes at a time Deputy Prime Minister Arthur Mutambara told business leaders that they should disregard both Chinamasa and Gideon Gono’s monetary policy statement as the inclusive government would make changes to the two statements.

    Biti will propose how the government will raise revenue to fund its operations. He is also expected to pacify the civil service.

    Teachers have already announced that they will down tools in May if there is no review on their US$100 allowance they received in February.