Parliament meets Monday for Mid-Year Budget Review

Malawi  Parliament is expected to meet from Monday  for the Mid-Year Budget Review  amid reports that most government ministries and departments have overshot their budgets in the last six months.

Finance Minister Goodall Gondwe prepares his last mid-year budget review report
Parliament spokesperson Leonard Mengezi has confirmed that President Peter Mutharika has authorised the meeting of the National Assembly, the last for this cohort of legislators who were elected in 2914.
“But as for the day when the meeting starts, it is the Speaker who will make the announcement,” said Mengezi.
Speaker Richard Msowoya said meeting starts on Monday, February 18.
The meeting comes at a time when economists have raised alarm that most government ministries and departments have overshot their budget line.
Ministry of Finance, Economic Planning and Development spokesperson Davis Sado said the mid-term budget review gives authorities an opportunity to factor in emerging issues in the budget.
The Mid-Year Budget Review Meeting of Parliament has become a tradition since 2005 to assess the performance of the national budget and provide checks and balances on expenditures.
Economic analyst Dalitso Kubalasa said the review meetings provide a platform to assess budget performance and help Treasury to devise necessary adjustments.

He said in quotes reported by the press: “This is an important time, especially in an election year to check if all is well with this law that was passed in June 2018 alongside all contractual obligations to its people.

“I pray that the government will still make sure that this ideal and best fiscal financial management practice be adhered to in the true spirit of open budgets, transparency and most importantly, accountability to the broader public.”

The current parliament ends on March 20, just a month before the highly contentious May 21 tripartite elections.

Meanwhile, Malawi Congress Party (MCP) has said it would choose Lazarus Chakwera’s replacement as Leader of Opposition in Parliament after he relinquished the position and that of Lilongwe North-West Member of Parliament, in line with the law which stipulates that one cannot vie for the State presidency while holding public office.

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Truth Banda
Truth Banda
2 years ago

Why the government side is afraid of Interest Capping Bills to be tabled am sure if tabled, the President will not sign as he did with ATI it took time to sign and ascent it. Komabe dzanja la lemba pa khoma.

VOICE OF THE POOR
VOICE OF THE POOR
2 years ago

Nonsense…

CHIMBANO
CHIMBANO
2 years ago

Please start with interest capping bill. These banks are ripping poor Malawians and making supernatural profits. If you pass this bill am sure most ordinary malawians will be very happy and will give you another mandate during may 2019 elections.

Maunits
Maunits
2 years ago

Goodal Gondwe at that edge its too old to run the Finance Ministry. Lucky enough dpp is going on 21 May, 2019.

JJ Mbewe the Pathfinder
JJ Mbewe the Pathfinder
2 years ago
Reply to  Maunits

And yet you wanted him to be picked as running mate? shame on you ana a njoka inu.

Rodrick
Rodrick
2 years ago

Not all MDAs have overdhpt their budgets. Most MDAs have been greatly underfunded. How then can they overshoot their budgets

finye
finye
2 years ago

Dziwe la nkhalamba

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