Zimbabwe/ 5.1 General legislation  

5.1.3 Allocation of public funds

According to section 2 of the Public Finance Management Act [Chapter 22:19] (PFMA) “public money” means revenues and all other money received and held, whether temporarily or otherwise, by a public officer in his or her official capacity. A pubic officer is defined to mean any person who is in the employment of the state or a designated corporate body. Section 302 of the Constitution of Zimbabwe, Amendment Act No.20 defines public money as that which is held in the Consolidated Revenue Fund whereas in section 308 on stewardship over public resources, this definition is broadened to include “any money owned or held by the State or any institution or agency of government, including provincial and local tiers of government, statutory bodies and government-controlled entities”. Section 302 identifies the CRF as the national account into which must be paid all fees, taxes and borrowings and all other revenues of the government, whatever their source, unless they are required by law to be paid into a separate fund or to be retained by the authority that receives them.

Resources for arts and culture are mostly channelled through the Ministry of Sport, Arts and Culture. However there are still some allocations made through other ministries that govern aspects of culture such as National Museums etc. More information on the Ministry of Finance’s Website: http://www.zimtreasury.gov.zw/

Chapter published: 07-04-2015