An Assessment Of Funding Operations Of Parastatals. A Case Of National Museums And Monuments Of Zimbabwe

ABSTRACT

This study sough to investigate the assessment of parastatals funding, specified to the case study

of National Museums and Monuments of Zimbabwe .The statement of the problem is that the

company is facing financial problems as evidenced by recurring losses. This is as a result of

continuous decline in government support in form of grants and poor performance of domestic

revenue inflows against the background of rising recurrent expenditures which has been forecast

to continue to constrain the fiscal space of the company. This has resulted to less revenue being

realized for projects and general core business of the company, and prompted this research to be

undertaken. Research was carried out in Harare. Research findings indicated that problems faced

by the company were being contributed by poor information network dissemination, personnel

incompetency and demotivation of staff to participate in funding policy implementation

programs. Both primary and secondary data methods were used to gather data which was

statistically presented using tables and graphs. Conclusively there is need for National Museums

and Monuments of Zimbabwe to find ways to mitigate challenges which the company is

currently facing.