Section 304: Charges upon Consolidated Revenue Fund
Constitution of Zimbabwe
(1) All debt charges for which the State is liable must be charged upon the Consolidated Revenue Fund.
(2) The costs and expenses incurred in collecting and managing the Consolidated Revenue Fund form the first charge on the Fund.
(3) For the purposes of subsection (1)—
“debt charges” includes interest, sinking fund charges, the repayment or amortisation of
debt and all expenditure related to the raising of loans on the security of the
Consolidated Revenue Fund and the service and redemption of debt created by those
loans.
PART 3
A UTHORISATION OF EXPENDITURE FROM C ONSOLIDATED REVENUE FUND
Insight on Charges upon Consolidated Revenue Fund
This section establishes a clear priority system for how Zimbabwe's national treasury (the Consolidated Revenue Fund) must be used. It ensures that debt obligations are legally guaranteed, with collection costs taking absolute first priority. This arrangement protects Zimbabwe's creditworthiness by giving confidence to lenders that debt repayment has constitutional protection, while also ensuring the system that collects revenue can maintain its operations before other government expenditures are funded.