• November 29, 2022 11:43 pm

Minister Gwengwe says a new Malawi is possible

Feb 18, 2022

By Vincent Gunde

Minister of Finance and Economic Affairs, Hon. Sosten Gwengwe MP says a new Malawi is possible where everyone is accountable for their actions.

Gwengwe says it is Malawi where the leadership governs justly, invests in its citizen and creates opportunities for all, and citizens rise to the occasion to perform their civic duties and responsibilities.

He says Malawians together can turn around this country and it is not beyond them as a people saying the Tonse Alliance government has always placed national interest at the centre of its development agenda.

Delivering the 2022-2023 MK2.8 Trillion Budget statement in the National Assembly in Lilongwe on Friday, Gwengwe said the Budget provides practical measures to implement the First 10 year Implementation Plan for Malawi 2063, provide opportunities to the youth, protect the vulnerable population and reduce inequalities among the people.

Gwengwe said Malawians need to learn from the past challenges if they have to charter the desired path to their destination saying as people’s representatives, they must always strive to foster unity of purpose in advancing their country’s agenda and the well-being of the people they serve.

He assured the August House that their future is bright and secure under the able leadership of President Dr. Lazarus McCarthy Chakwera, saying Government is aware that for these goals to be met, some challenges need to be overcome, calling for every Controlling Officer to maintain fiscal discipline.

“There is need to sacrifice and raise more domestic resources to finance our development while we only borrow for projects that will enhance growth,’’ said Gwengwe.

As soon as Gwengwe finished reading the Budget statement, there was ululation from all members of Parliament which social media commentators have described the Budget as appears to be realistic if followed fully advising Government that there must be an improvement on sources of financing the budget.

In the presented budget, Constituency Development Fund [CDF] has been raised from K40 million to MK100 million, Government will be buying fertilizer direct from manufacturers, no middle men on AIP, VAT on piped water and cooking oil scraped, among others.

One commentator said it is a budget that signals a turning point for the new Malawi

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.