APM says Malawi ready to run without donors in five years

Malawian President Peter Mutharika has said his government is ready to run its financial plans without the budgetary support from donors in the next five years.

President Mutharika and the First Lady

President Mutharika and the First Lady

President Mutharika inpsected a guard of honour mounted by Malawi Defence Force on his arrival from Ethiopia

President Mutharika inpsected a guard of honour mounted by Malawi Defence Force on his arrival from Ethiopia

Mutharika said government is determined to continue with zero-aid budget owing to current uncertainties around donor funding, confidently saying Malawi will in five years be able to run its recurrent budget without donor support.

The Malawi leader made the remarks when he held a news conference at Kamuzu Palace in Lilongwe during on some of the benefits the country gained by attending the Common Markets for Eastern and Southern Africa(COMESA) held in Addis Ababa Ethiopia.

“There was a lot that we learnt as a country at the 18 COMESA Summit and among the various lessons was how African countries, Malawi in particular could reduce dependency on donor support especially in regards to the recurrent budget,” said Mutharika.

Mutharika said the recurrent expenditure will be financed entirely from Malawi resources admiring Ethiopia that it managed to migrate from donor dependency through small and medium economic activities and also by encouraging its people to embrace the idea of saving money while reducing expenditures.

“During the discussion with the Ethiopian Prime Minister, I leant that through cooperatives and community saving activities it would be possible for the country to run its recurrent budgets without donor support.

“I am confident that should we become serious, in the next five years we will be able to run our recurrent budget without the help of the donors,” Mutharika explained.

Apart from cooperatives and financial savings, the President said the country could also improve its economic base by scaling up industrial activities with a specific focus on production.

When government says the recurrent expenditure will be financed with domestic resources, it means that money for wages and salaries, goods and services, interest on debt, subsidies and transfers and other statutory expenditure will be sourced locally.

Malawi adopted a “zero-aid budget” for 2014/15, after donors suspended general budget support to government  following unprecedented corruption scandal, known as “Cashgate”.

But Malawi cannot balance its books without donor support, which makes up as much as 40% of the national budget.

President Mutharika appealed to Malawians to join hands and support government in its quest to improve the economy of the country.

Malawi is implementing swingeing budget cuts in a desperate attempt to win back donors’ faith.

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Winston msowoya
Guest

Corruption destroys the running of the government,but transparency runs decent and democratic govevernment,mr.president.As of now,there is no hope that Malawians will ever live in prosperity ,but there are a few chosen ones who will prosper and continue to brutally exploit the unfortunate overwhelming majority.It is foolhardy to believe that Peter will manage the economy of our nation without donors’ handouts.

Thomas kamoza Mtonga
Guest

Look down and see how people are suffering. Be serious Mr President realities are not in papers we need practical issues

CHEWA NATIONAL PARTY
Guest

Chitsiru chapresident ichi how can Malawi run its economy without donors your bro stole the billions you are enjoying marrying while poor Malawians suffer. you’re really sick

tikhala
Guest

The long nose of the president’s wife rests on her equally long upper lip. The short lower lip is almost distinct. Madam, stop trying to be what you are not and meanwhile embarrassing your womenfolk.

tikhala
Guest

madam president, am beginning to imagine what the dark space between your thighs could look like. You are NOT beautiful why do you go about humiliating yourself? Actually there has never been a first lady as ugly as you are! Give us a little space to stop being disgusted!

Kondwani
Guest

Kodi iwe camera man ukumawajambula choncho apulezident ndi akazawo ulibe ulemu eti? sungawajambulire mmbali?

BOX 13 BILILA, N U
Guest

I totally agree with puludzu

Zexy
Guest

Employ tcherz ov ipte 8 and odl 3 then muzikamba bwino zimenez.

Denkhule
Guest

Yes Malawi can run for the next five years without domors .But it will have accumulated problems which will require fifty years of total donor dependence because the country will be reduced to tartans. All these people who are Governing throug stealing will run away and we the stupid and poor Malawans will be left alone with nothing. May God forbid and give us proper leaders who can bear our greavances.Amen.

johntembo Kuffor
Guest

a first lady lero nde atchena zedi. jelasi down madam president

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