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<p>In Zimbabwe, the Government has been experiencing problems with budget formulation and control of expenditures by Ministries and departments. Through the adoption of a three-year-rolling budget in 1995, ministries were forced to forecast, focus and justify their requirements hence better planning. Despite this forward planning approach, budget execution problems have persisted as evidenced by over-expenditures, fraudulent activities and other related problems leading to centralize expenditure control at the Central Payments Office (CPO). The persistence of the problems led to the introduction of a Public Finance Management System (PFMS) starting in 2001. This thesis aims to contribute towards finding a solution to the persistent budget execution problems. It describes important budget formulation and execution processes, statutes and organizations and their functions. The analysis shows that there is need to change the current system of doing business. Finally, it concludes by recommending that some statutes be changed and that new processes incorporating appropriate information technology (IT) be adopted.
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<br>Subjects:</div>
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Mudzinganyama, Morgan.</div>
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