Malawi government not servicing payments: Broke
Government of Malawi is unable to service its scheduled monthly payments of its service providers because it is facing financial constraints, senior official has told Nyasa Times.
Major contractors and suppliers have gone two months without payments from government raising a fear of escalating pressure on the service providers to pay their debts to other suppliers too.
“The prolonged elections tussle, unavailability of the budget means nothing can be spent on without the budget,” said the official who opted for anonymity.
This has transcended to a spiral of broke companies that directly and indirectly deal with government.
Contractors are unable to pay their debts to service providers and service providers are unwilling to continue providing services.
This has caused a spiral of broke citizenry whose living somehow is linked to active business with government or its departments and agencies.
One businessman lamented that the levels of liquidity squeeze on the market is tighter.
Finance Minister Joseph Mwanamvekha presented a half trillion kwacha provisional budget in Parliament last month and was approved.
This budget allows the Ministries, Departments and Agencies of government to start spending and therefore oiling the wheels of the economy once again.
Malawi Government is the pinnacle of most business survival in the African most impoverished but resource endowed country.
What else do you expect from the madandoland where you ” win” the presidency through palm oiling and greasing instead of service delivery?
IT’S OBVIOUS N COMMOM SENSE THAT THIS ILLEGITIMATE N ILLEGAL GOVT IS GOING TO BE BROKE. WHAT ELSE DO THESE DPP THUGS KNOW APART FROM LOOTING STEALING ROBBING THIEVING, PALIBE……. OUT OF THIS TEMP. BUDGET OF MK 522B OVER HALF OF IT IS GOING TO BE LOOTED AGAIN, AND THATS OVER USD 300M WHICH IS GONNA BE IN THESE THUGS FDH N FOREIGN ACCOUNTS. MBAVAA’S ADOPTED SON IS THE ONE MANAGING N PUTTING LOOTED MONIES IN THESE FOREIGN ACCOUNTS…… LIKE FATHER LIKE SON. THESE OPPOSITION MPs ARE ALSO STUPID TO HAVE PASSED THE BUDGET, RATHER THEY SHOULD HAVE BEEN WORKING ON HOW TO IMPEACH THIS MBAVAA…… DECLARING HIMSELF AS FAKE PRESIDENT. RIGHT NOW IT SHOULD HAVE BEEN THE CHIEF JUSTICE RUNNING THE INTERIM GOVERNMENT NOT THIS APM MBAVAA. EVEN HIS GF JANE IS SO ADAMANT. DONOR N DIPLOMATIC MISSIONS ARE YOU GUYS NOT SEEING THE REAL PICTURE OF THESE DPP THUGS OR WHAT????? STOP ALL ACTIVITIES UNTIL A LEGIT PRESIDENT N GOVT IS IN PLACE AS THESE DIPLOMATIC AND DONORS ARE SENDING WRONG SIGNALS TO THE MASSES N PUBLIC OF MALAWI. HOPE YOU GUYS ACT SOON. HOPE GOD HELP MALAWI FAST FROM THESE EVIL THUGS OF DPP. WE NEED MIRACLE AGAIN.
I am willing to do fundraising for you.. But please no cash-gate with my funds.
Don’t worry Jack, we will not cashgate your funds. We will fund-gate them 🤣🤣🤣🤣🤣🤣
This is a pure thefty. half bilion was presented but they want to cut budget by 50 percent in MDAs. These guys need to be investigated.