Over half of Malawi’s 17 million population is still hovering just over the poverty line, with limited access to basic necessities as the country grapples with failure to find the right mix of financing to create wealth.
Secretary to treasury Ronald Mangani has attributed to Malawi’s slip on Malawi Development Growth Strategy to donor dry taps.
He said Malawi could have done better if the aid flow continued but assured the nation that the government is doing all it can to ensure that it survives within its limits.
Mangani said this is why the government has reduced the budget by K23 billion to ensure it works within its limits in the wake of aid drought.
“This trend will continue. Every year we will be reducing the budget to ensure that we spend within the limits and to the best of Malawians,” he said.
Opposition legislators have bashed the Peter Mutharika administration for reducing the budget from an initial K930 billion to K906 billion accusing the government of being insensitive to the current food shortage, saying the reduction of relief maize budget from K15 billion to K8 billion was a mockery.
Nkhata Bay north east MP Ephraim Chiume pressed on the government to release K30 billion it owes the private sector. he said the arrears to the private sector are choking the private sector, deemed the engine of the economy.Follow and Subscribe Nyasa TV :