2. Legal Frameworks and Public Finance Management Processes in Zimbabwe: The Background

This chapter delves into the legal frameworks and public finance management (PFM) processes in Zimbabwe, emphasizing the importance of robust systems for efficient resource allocation and transparency. It explores key characteristics of a sound PFM system, such as credibility, comprehensiveness, transparency, and policy-based budgeting, and their impact on macroeconomic management and fiscal policy. The text also examines the role of parliament in the budget process, including public consultations, budget approval, and oversight responsibilities. Additionally, it discusses the legal provisions governing public finance in Zimbabwe, including the Constitution, Public Finance Management Act, Public Debt Management Act, and Public Procurement and Disposal of Public Assets Act. The chapter concludes by highlighting the importance of parliamentary oversight in ensuring transparency, accountability, and prudent use of public funds.