A ten-year development plan which supplements implementation of Malawi 2063 vision will focus on achieving Sustainable Development Goals (SDGs) and making Malawi a middle-income country by 2030.
The National Planning Commission (NPC) has said this upon completion of the plan, which has been submitted to the Ministry of Finance, with some of its aspirations expected to be incorporated in the 2021/22 national budget.
The budget would be tabled in Parliament by Finance Minister Felix Mlusu Friday.
The NPC engaged stakeholders, soliciting views of possible projects to be embarked on in the next 10 years.
Speaking in an interview, NPC Communications Specialist Thom Khanje said the plan is crafted in a way that it speaks to the long-term national development blueprint, the Malawi 2063.
“The plan has specific details of development projects and reforms such as policy and legal reforms which need to be done but all these will be encompassed in two targets which are making Malawi a middle-income country by 2030 and achieve SDGs which will come to an end in 2030,” Khanje said.
A middle-income country is a nation whose gross domestic product (GDP) per capita is $1,000.
Malawi is far from attaining the status because, as at 2019, the country’s GDP per capita was seen at $411.55.
In its input to the national budget, the Economics Association of Malawi recently proposed that, for short-term gains, the government should initiate tax reforms which will improve revenue collection.
“There is a huge potential in revenue collection from VAT. However, shop owners continue to ask if a person wants a receipt or not. The government should ensure full enforcement of receipts and use business intelligence by matching taxpayer’s imports with sales,” the proposal reads.
Malawi 2063 is the country’s agenda which aims at making Malawi an inclusively-wealthy and self-reliant nation by 2063 and it will be implemented using five-year and 10-year plans.
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