Malawi lawmakers pass 2022/2023′ MK2.84 trillion fiscal plan

LILONGWE-(MaraviPost)-Malawi Parliament on Wednesday, March 23, 2022 passed the 2022/23 National Budget which is pegged at MK2.84 trillion and will run up to March 31, 2023.

The budget has passed after members scrutinized votes from about 13 ministries and government departments and passed them without amendments.

Leader of the House, Richard Chimwendo Banda, hailed legislators for being active during committee of supply meetings.

Minister of Finance Affairs Sosten Gwengwe presented the budget in Parliament on February 18, 2022.

Out of the MK2.84 trillion, recurrent expenses are estimated at MK2.019 trillion while Development expenditure is programmed at MK820.67 billion.

In the budget, Government increased Constituency Development Fund from MK40 million to MK100 Million and allocated MK500 million for the construction of houses for people with albinism.

Members of Parliament (MP) will resume deliberations tomorrow morning to discuss bills.

Malawians are however expected to have reduced cooking oil prices following the removal of 16.5% Value-Added Tax (VAT).

Lloyd M’bwana

I’m a Lilongwe University of Agriculture and Natural Resource (LUANAR)’s Environmental Science graduate (Malawi) and UK’s ICM Journalism and Media studies scholar. Also University of Malawi (UNIMA) Library Science Scholar. I have been The Malawi Country Manager and duty editor for the Maravi Post since 2019. My duty editor’s job is to ensure that the news is covered properly, that it is delivered on time, and that it is created to the standards set out in the editorial guidelines of the Maravi Post.