EU cautions Malawi government on over spending
European Union ambassador to Malawi Alexander Baum is challenging Malawi government authorities to spend resources in the most economical way.
Malawi is currently sailing through a labyrinth of economic dire straits despite government effort to bring economy back on track.
Among the efforts was the devaluation [and floatation] of the local currency the Malawi Kwacha by almost 50 percent, a move that has brought pernicious problems among Malawians.
Baum told Nyasa Times that the extravagant spending by Joyce Banda administration leaves a lot to be desired.
This was in direct reference to reports that President Banda administration spent a whooping MK308million on the trip to the United Nations conference in the United States.
“There is need for serious commitment to be implemented by the government if people are to gain real confidence with the Joyce Banda‘s administration,” Baum said.
He said authorities are fond of simply making promises to cut cost without real implementation.
Recently Managing Director of Business Consult Africa Henry Kachaje also cautioned authorities on the extravagant spending.
Kachaje made a simple comparison of the UK’s Queen who he says uses a smaller convoy than that of President Joyce Banda.
