BUDGET PRESENTATION IN PROGRESS

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Gondwe in his office moments before presenting the budget

MINISTER of Finance and Economic Planning and Development, Goodall Gondwe is now presenting the 2018/19 National Budget at parliament in Lilongwe.

In his speech, Gondwe blames the Joyce Banda administration of abusing public funds leading to excessive borrowing by the Democratic Progressive party, DPP, administration.

Gondwe says the Mutharika government took over government in 2014 when the economy was at its worst because donors had withdrawn of budgetary support.

According to the minister, the International Monetary Fund suspended its Extended Credit Facility because of the previous government failed to contain the fiscal malfeasances.

Follow up to the minutes updates of Gondwe’s presentation on Twitter @expressmalawi

 

 

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