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MoF to start pre-budget consultations this week

Minister of Finance Felix Mlusu

Minister of Finance, Felix Mlusu, has announced that he will this week embark on 2022/2023 pre-budget consultations with stakeholders ahead of the end of the current budget in March next year.

According to the spokesperson in the ministry of finance, William Banda, the consultations are planned to start from Friday this week up until Wednesday next week.

However, more consultations through channels will still continue up to January 18, 2022.

Commenting on the development, an economic commentator, Millward Tobias, said it is high time government started to implement Malawi’s Alonsg term plan of 2063 in the upcoming budgets so as to align the national development agenda with the same.

Tobias said: “Preparation of the budgets and consolidating the inputs from the stakeholders do take time. That is why it is important this time around that we take the views, analyse them; where we don’t understand, invite them again to a round table until we make sure that the aspirations of Malawians are included in the budget.”

Meanwhile, members of parliament will be meeting to deliberate on the current budget which is ending on March 31, 2022.

The 2021/2022 fiscal year is a nine month year ending in March next year. It was pegged at K2 trillion.

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