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Mid-year budget presentation Friday

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Minister of Finance, Economic Planning and Development, Goodall Gondwe, is this Friday expected to present the revised 2017/18 national budget.

In June last year, Parliament passed a K1.3 trillion budget and there are indications that the budget may be revised based on the situation on the ground.

According to a notice which has been appearing on the Order Paper since last week, the minister will deliver the statement at 12:30pm.

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“The Minister of Finance, Economic Planning and Development will present the mid-year budget review statement on Friday 16th February 2018, immediately before adjournment of the House at 12:30pm,” reads the notice.

At the beginning of this meeting, Speaker Richard Msowoya announced that the spokesperson for opposition political parties would respond to the statement on Monday, February 19 2018, before general debate starts.

Members of Parliament are expected to pass the budget by Friday, March 2, the day the House adjourns sine die.

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In earlier interviews, Malawi Congress Party spokesperson on finance, Alexander Kusamba Dzonzi, doubted the 6.1 percent economic growth that the government has been projecting for the year under review.

Alliance for Democracy president, Enock Chihana, said the mid-year budget review is just a waste of time.

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