Malawi to get donor budget support of K40bn- Finance Minister

Malawi expects donors to to contribute about K40 billion towards the 2015/2016 financial plan, Finance Minister Goodall Gondwe has aid.

Gondwe:  To get K40 billion budgetary support

Gondwe: To get K40 billion budgetary support

The national budget is estimated to be at K900 billion.

Malawi adopted a “zero-aid budget” for 2014/15, after donors suspended general budget support to government  following unprecedented corruption scandal, known as “Cashgate”.

But Malawi cannot balance its books without donor support, which makes up as much as 40% of the national budget.

“Though interested donors are coming up with a small budgetary support, as a country we are still working on zero-aid budget. You can see we are talking of K900 billion as the 2015-2016 budget but we are receiving just K40 billion in support,” said Gondwe during a pre-budget consultative meeting with various stakeholders in Blantyre on Tuesday.

He said the K40 billion budgetary support will come from donors such as the European Union (EU), World Bank and African Development Bank (ADB).

“After these consultation meetings, people should expect robust changes in the actual budget as all the views from the people will be taken into consideration. Some will be adopted instantly while others shall be considered at an opportune time,” said Gondwe.

He promised that the framework for the 2015-2016 national budget will be different from previous budgets, stating that government had put in place sufficient strategies on how to improve the country’s e

Gondwe then said the previous administration owed local companies and individuals about K155 billion.

“We are going to cut funding for ministries and departments so that we should repay the arrears the previous government owe people and companies.”

Gondwe has since urged the general populace to freely present their views on the budget through consultative meetings.

Malawi is implementing swingeing budget cuts in a desperate attempt to win back donors’ faith.

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Dreadful. Mwikhoma
Guest

Comment
Kuyankhula kwambiri pamene ena akumvetsera sikuti nkuchenjera ai phunzirani ulemu
palibe wodziwa zonse pabzikoli

Young poet
Guest

Give credit wherh it is due.

Paul ziga Tembo
Guest

Apapa mukudandaula ndi Mavuto azachuma koma tikuva mwagula ndege kuti muzinjoyera koma amalawi suzatheka ngati mwatopa siyani ndale azungu naonso atopa nsano kuthandiza amalawi. Gulitsani dzikoli kwa azungu mwina tione kusintha

John Njoka
Guest

Gulitsani mnyanga ya Njobvu mutigulire Chimanga mchakachi

mwambop
Guest

Comment BRAVO GOODALL I KNOW YU INTERMS OF ECONOMY

munyasiwa
Guest

Koma abale dziko ili! Kodi boma silikufuna kufufuza 90 billion cash gate chifukwa chachani? Ndalama zinaperekedwa kale. We should forget and close cash gate chapter. Mzimayi uja sanaidoje. Bekatire inayamba kufufuza pompopompo. kodi mukufufuta umboni kapena? Madonars
akufana cash gate yonse ifufuzidwe. Anthu one Ababa ndalama kuyambira 2005 amangidwe basi. Osamango sambira mmanja ena zanunso zibwere poyera. Ngati simunabe Ife tizakondwera.

Richard mphopheya
Guest

Ndipodi agaluwa andikwana ine aaaaaaa

ujeni
Guest

Western donors are capitalist, if you think you will develop by recieving change from them forget. This is money they buy stupid governments for favours. You see Surestream because.its from UK, you are bowing to anything it does in Malawi. Malawi politicians have slave mentality.

Cydrick Mgunda
Guest

Bravo, bravo Peter, Gudal & Chilima!!!

mike
Guest

Once a slave driver always so, after using Africans to build their cities and work under peanut pays and unbearable conditions this is what we get I thought it is payback time. Malawi must sweat and create innovative and dynamic ways of providing for her sons and daughters AZUNGU anakwiya.

Think Tank
Guest

are we still in need of donors? Where is our tough talk of “We dont need donors?” I see many reversal,why? Were just campaign gimmicks to cheat voters?

wpDiscuz

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