ICT Ministry Allocated $11,5million in 2014 Budget


The ministry of ICT Postal and Courier Services has been allocated an estimated $11 592 000 a $348 000 more from the previous year, although the actual expenditure for the year 2013 shot to an all time high of $24 million meaning this budget will only be able to achieve half of last year`s expenses.

Download The The Full Budget Here

And Also the Expenditure here
Speaking During the Budget presentation, Hon Patrick A. Chinamasa, Minister of Finance & Economic Development In 2014, the sector is expected to register a positive growth of 4.0%, anchored by product development and innovation.
“Data and internet service are anticipated to be the major revenue drivers in the sector going forward, with voice becoming complementary.

This is reflected by a major investment shift towards expansion of broadband fibre network.
The general price level in the economy has been on the downward trend, with year on year inflation opening the year at 2.5% and declining to 0.54% in November 2013. This deceleration reflects weak aggregate demand emanating from tight liquidity and, hence, low disposable incomes, depreciation of the rand against the United States dollar, stable inflation expectations, and steady international oil and food prices.”

Nicole Madziwa

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