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MDAs tipped to look beyond treasury

MUNTHALI—MDAs should be more resourceful

The National Planning Commission (NPC) has tipped government ministries, departments and agencies (MDAs) to look beyond the Treasury for funding of development projects to achieve the Malawi 2063 agenda.

The agenda has been aligned to the national budget for its easy implementation.

However, the 2022-23 National Budget has a deficit of K884.04 billion which, according to commentators, could jeopardise the implementation of some projects.

In a statement, NPC Director General Thomas Munthali says the executive arm of government has already shown political will and commitment in implementing the vision.

“MDAs and local councils should be more resourceful and find other funding options such as public-private partnerships, equity investment, joint ventures, pension funds, bonds, NGO funding, foreign grants, and international soft loans as viable alternatives for financing catalytic interventions in MIP-I,” he said.

In January last year, Malawi launched the Malawi 2063 agenda which aims at making Malawi a wealthy, self-reliant industrialised and middle income nation in 42 years.

To realise the vision, the country also launched the Malawi 2063 First 10 Year Implementation Plan and Malawi 2063 Pillar and Enabler Coordination Groups.

Commenting on the suggestions, economics professor at the University of Malawi Ben Kalua lamented underallocation to development initiatives.

He added that, apart from focusing on achieving the agenda, the government at large can also take the same approach in financing development which has been dragging for years.

“The suggestion is good and it should be taken seriously by all stakeholders because funding for development projects is always a problem,” he said.

Last week, Parliament passed the K2.84 trillion 2022-23 National Budget.

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