Malawi Parliament pass K2.1trillion 2020/21 national budget

Members of Parliament (MPs) on Wednesday passed a K2.1 trillion 2020/21 national budget statement as presented by Minister of Finance Felix Mlusu  on September 4, 2020 .

Minister of Finace is congratulated by fellow ministers when he presented national budget in Parliament of Friday.(C)Govati Nyirenda

Development expenditure is projected at K511.2 billion, consisting of K100.9 billion for domestically financed projects and K410.3 billion for foreign financed projects.

The budget has a fiscal deficit of K754.8 billion, which is expected to be financed by foreign borrowing amounting to K224.8 billion and K530.1 billion from domestic borrowing.

Parliament passed the budget after the committee of supply which scrutinises proposed arrangements vote by vote.

Finance minister commended members of Parliament (MPs) who contributed to the discussions.

“We are really indebted to the honourable members,” he told the House.

Main opposition Democratic Progressive Party’s (DPP) spokesperson on Finance, Joseph Mwanamvekha, who is the former Minister of Finance has described the budget as heavily consumption and private sector unfriendly.

Chief Whip for Democratic Progressive Party Vuwa Kaunda and other opposition MPs accused the government of bulldozing the budget through First Deputy of Speaker of parliament Madalitso Kazombo, the allegations that Leader of the House Richard Chimwendo Banda dismissed.

Parliament has been adjourned to Monday 2pm for a final week of sitting.

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1 year ago

Parliament is going to an end the K100000

Alamu Pumani Mwakalamba

I am looking forward to seeing the Lilongwe – Nkhamenya road rehabilitated and also Mzuzu – Chiweta. The Chiweta section is about 10 km and needs urgent attention. Next are the township roads which are not roads at all but trenches. The worst are in Area 49 and Area 25 which are developing fast. Alfred Jiya and your councillors please do something. Kawale, Biwi, Chilinde and Area 25 need face lifting. Ulemu Msungama and your councillors please do something. Next are schools whose standards went down with Bakili Muluzi. Public schools are in bad shape. Teacher to pupil ratio is… Read more »

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