Goodall says Malawi still needs foreign aid

Malawi still needs foreign aid or bilateral assistance that finances the development budget of the Malawi financial plan annually, Minister of Finance, Economic Planning and Development Goodall Gondwe has said.

Gondwe: Budget will be crafted using tax Malawians pay

Gondwe: Budget will be crafted using local taxes

Foreign donors keep withholding direct budget support since October 2013 over concerns of Cashgate—the systematic plunder of public resources at Capital Hill.

Gondwe has since hinted that Malawi will still have to do without financial support from donors with another zero-aid national budget in the 2016/17 financial year.

He said government will craft the budget “using local taxes.”

Gondwe was speaking during the second pre-budget consultation meeting for the 2016/17 National Budget in Lilongwe on Tuesday.

Gondwe also asked Malawians to have a spirit of hard work if the country is to advance.

“If our resources are to be used prudently, controlling officers must also prioritise areas that can make a huge difference to the masses and not just for individuals,” he said.

During pre-budget consultations in Mzuzu Church and Society executive director Moses Mkandawire said was critical to regain donor confidence following the closing of aid taps in reaction to Cashgate which has landed the country in financial problems.

Gondwe with President Peter Mutharika: A zero-aid budget again

Gondwe with President Peter Mutharika: A zero-aid budget again

Mkandawire asked government to broaden its tax base rather than over-taxing few Malawians in formal employment and corporate.

In Lilongwe, Gondwe noted contributions from Malawi Economic Justice Network (Mejn) executive director Dalitso Kubalasa and Malawi Confederation of Chambers of Commerce and Industry (MCCCI) chief executive officer Chancellor Kaferapanjira on what should be included in the national budget to address challenges faced by the business community, farmers as well as the private sector.

Follow and Subscribe Nyasa TV :

Please share this Article if you like Email This Post Email This Post

More From Nyasatimes

More From the World

Sort by:   newest | oldest | most voted
Tim West
Guest
Tim West
6 months 2 days ago

MALAWI WILL FOREVER NEED FOREIGN AID.. BUT THE HIGH LEVELS OF XENOPHOBIA AND NASTY JEALOUS TREATMENT OF FOREIGNERS IN THE COUNTRY WILL ALWAYS HINDER ANY TYPE OF ECONOMIC GROWTH. A FAILED STATE IN EVERY SENSE OF THE WORD

john phiri
Guest
john phiri
6 months 2 days ago

Do these two pigs even know what Malawi needs? One minute we need aid next we do not need aid. Two empty tins. fuck pita and godall

Mphembedzutsokonombwe
Guest
Mphembedzutsokonombwe
6 months 2 days ago

How long shall it take regain donor condidence?

Jahan
Guest
Jahan
6 months 2 days ago

Seriously,,, who can keep up with APM and his gvt. Once minute they say they don’t need aid, next minute, they do need it. Hayi, yhooooo.its like my 5 year old who has no idea what he wants.

MERCEDES
Guest
MERCEDES
6 months 2 days ago

YOU ARE DREAMING THAT THE DONORS WILL RESUME AID YOU MUST FIRST CONFISCATE ALL CASHGATE PROPERTIES AND MONEY YOU DONT NEED AID YOU GOT LOTS OF MONEY OF CASHGATE LYING IDLE WITH PEOPLE AND IN THE BANK.DONT DONORS WILL RESUME AID THEY ARE NOT STUPID

wpDiscuz