The budget meeting of Parliament commenced Monday, September 1 at the Parliament Building in administrative capital Lilongwe and Malawi’s Finance, Economic Planning and Development Minister, Goodall Gondwe will present a K743 billion zero-aid national budget on Tuesday.
Leader of the House Francis Kasaila disclosed that Gondwe is expected to make a statement on the budget estimates for the 2014/15 Tuesday September 2 at 2pm.
Gondwe has pegged the 2014/15 national budget at K743 billion, about 16.5 percent up from the 2013/14 budget which was at K638 billion.
However, the proposed budget is against a domestic resource envelope of K665 billion.
Gondwe’s budget statement is expected to disclose the balancing act that Treasury has prepared during a clearly lean period as the co-operating partners withdrew their support following the plunder and looting of public resources, widely known as cashgate.
Government will also have to manage large volumes of debt, meet existing commitments and initiate new programmes.
At the end of the 2013/14 financial year on June 30, Gondwe successfully sought the approval of the National Assembly to continue spending for three months pending the preparation of the budget
President Peter Mutharika has since appealed to all parliamentarians to rise above party politics to support and pass the national budget.