Mlusu presents K722 billion 4-month Malawi provisional budget in parliament

Finance Minister Felix Mlusu made his debut in Parliament on Wednesday when he presented a four month provisional budget pegged at K722 billion.

The amount will form part of the 2020/21 National Budget to be prepared and presented later within the four month period.

The provisional budget comes following the change of government from Democratic Progressive Party (DPP) to Malawi Congress Party (MCP) led administration of Tonse Alliance.

In the new budget, government has allocated K169.8 billion as development budget of which K119.8 billion will be foreign financed while K50 billion will be financed by domestic borrowing.

The Finance Minister added that government will incentives private sector to create job for the youth.

However, Mlusu underlined that more details will be presented in the full national budget.

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TizankaMalawi belong to the citizens Recent comment authors
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Tizanka
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Tizanka

Kkkkk I remember when we were crying that we borrowed in the 2 trillion annual budget. Inu mwayambapotu, nearly 1trillion in 4 months with serious borrowings from your former bank nbs

Malawi belong to the citizens
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All the best Mr purse keeper aka finance minister, ntchito zipezeke so that achinyamata ayambe kutukula miyiyo yawo.Osayiwale ka salary increase kama civil servants, and kusitsa mitengo ya katundu,we need more people to have money, especially middle class people, teachers, soldiers, police officers, medical guys, just to mention a few this will create more business as there would be more buyers.Here am talking about buying power.More people should be able to buy goods.This will increase production of goods,as demand for goods will increase, this will increase employment,more people will find work, that creating more work for the youths.All agriculture products… Read more »

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