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Donors’ withdrawal to lead to more pain

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Finance minister Goodall Gondwe says lack of budgetary support by the country’s development partners is one of things making government to explore more ways of increasing local revenue collection.

The Minister was speaking in Lilongwe on Friday during the presentation of mid-term budget statement.

He says although the donors formally withdrew from budgetary support (programme grants), the disbursement of other types of grants (dedicated and project grants) is progressively diminishing also.

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“In parallel, donors are increasing their ‘off budget’ support massively. There is therefore need to strengthen our effort at raising domestic revenues and to down-play all donor grants in general and only expect to focus more on development loans from donors as a reliable mode of donor aid delivery,” Gondwe says.

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