Malawi budget to be withdrawn for Chakwera government to present its first fiscal plan

The K2 trillion 2020/21 National Budget which is before Parliament may be withdrawn and allow a new Finance Minister to be appointed by incoming president Lazarus Chakwera who may be declared Malawi’s sixth president, to  table its fiscal plan to factor in its development plans.

Sosten Gwengwe

The current Minister of Finance, Economic Planning and Development Joseph Mwanamvekha unveiled the ambitious budget on June 12 and parliamentary committees were last week deliberating the budget in clusters.

But Budget and Finance Committee of Parliament chairperson Sosten Gwengwe said  his committee will propose the budget withdrawal under a resolution for a provisional three-month budget for the new government. The annual budget calendar starts on July 1.

Chakwera  will be the Head of State and the current Vice-President Saulos Chilima—who is also UTM Party president—will remain in the position as he was the running mate to the winning presidential candidate for Tonse Alliance .

According to MCP sources, the new  budget wuld envisages fiscal management, revenue mobilisation, measures for economic stabilisation and growth, reduction in non-development expenditures and providing relief to the masses.

It will also focus on promoting investment for job creation and people friendly policies for the socio economic prosperity of the country.

The Chakwera administration  is likely to enhance allocations for social safety net for providing maximum relief to vulnerable segment of the society, including reflecting the fertiliser price of K4 450 per 50kg bag

Gwengwe said Parliament will have to pass a resolution authorising the next minister of finance to spend beyond 1st July.

“The new minister of finance should prepare a provisional budget, normally for four months,” said Gwengwe.

Speaker of the National Assembly Catherine Gotani Hara announced that Parliament will  reconvene on June 29 Monday  for continuation of debate on the proposed 2020/21 National Budget, which will now have to be withdrawn.

The House was supposed to pass the budget by June 30, the end of the government fiscal year.

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mchisala
mchisala
3 months ago

Take out all the hand-outs (political appeasement) programmes!!! Tell all those who rely on government hand-outs programmes for a living, the current state of the economy can not support these hand-outs programmes and laser-focus on infrastructural programmes with lasting social and economic value(s) and multiple spin-offs that can help grow the economy which will in turn help the citizenry create their own wealth!!! That is the only Malawi with a good chance of prospering!!!

WO Chakwera
WO Chakwera
3 months ago

The budget ikhala chochi

1.Fertilizer MK4,495 per bag in all shops around Malawi.
2.PAYE Tax free MK100,000.00 for every one
3.Wogwira Boma increment 50%
4.Water connection fees Zero Tambala
5.Electricity connection fees Zero Tambala
6.New Jobs in Government 1,000,000.00 all over Malawi . North 150,000pple,Centre 500,000pple,South350,000pple for 12Months
7.Khalamba aliyense MK15,000.00 free money a month
8.All University Students on Loan , free food ,free accommodation .
9.Free tax entry every two weeks in a month.
10.MK75billion Loan to pple

Songolo lowala God bless Tonse

Mannequin 2
3 months ago

I thought i was the only dummy here. Wait……..there are many

Mangochi Kabwafu
Mangochi Kabwafu
3 months ago

Rightly so.

Kapolo Sakwiya
Kapolo Sakwiya
3 months ago

Please make sure you remove any money allocated towards the construction of football stadiums for Wanderers and Bullets. Akawona kozipeza ndalama zimenezo a DPP. Ife we want real development. We are tired of the mediocrity

Sizzler
Sizzler
3 months ago

I am seeing Court Doors open ounce again 😅😅😅😅
hope you watching the world from my stand point 🙌

Nambuma Girl
Nambuma Girl
3 months ago

Kkkkkkkkk koma this world of our Lord! The way things change. Mmene ankapangira present budget ngati Iwowo amuyaya. Pano asiyira anzawo. We should learn to be humble and sincere because we don’t know what tomorrow will bring us.

Zede
Zede
3 months ago

Sosten gwengwe, chair of budget and finance, mcp spokesperson on finance and its sad you will not be finance minister. Skc wadruza

Phwisa
Phwisa
3 months ago

Welcome news. Chakwera and his rolling MCP party( not Tonse Alliance) should include in the budget what they were promising us. We want K4900 fertilizer. Tatopa ndi was makuponi. We want the one million jobs. We want the K100,000 tax free or minimum wage. A Malawi DPP imatibera. We want katangale athe kuyambira ku police. Moreover we want our jet yomwe Joice Banda sold. Our president Chakwera needs a presidential jet. All cash gate convicts should have their property seized by Govt. No zokambirananso ayi. Ma Burundi, Nigerians should go to Dzeleka if they are real refugees.

Rakhishana
Rakhishana
3 months ago
Reply to  Phwisa

fortunately you never voted for them. UWASIYE APUMULE ANATOYENDA KWAMBIRI .MBAVA ZAKO ZIJA KUNAMA TATSOSA MUBOMA

Nkuzilire
Nkuzilire
3 months ago
Reply to  Phwisa

Ada inu mumadana ndi Chilima bwanji? mulu ndi vuto,
It was Tonse Alliance. Together then will stand.
The manifesto was combined.
Anthu ngati inu ndamene musokoneze Chakwera…. am happy hes very inclussive.
Its TONSE ALLIANCE

DPP
DPP
3 months ago

Tidanena ife kuti budget sapangirana. Ndizimenezotu. Nyekhwe after nyekhwe

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