Tag Archives: MK1.3 trillion national budget

Malawi Parliament passes MK1.3 trillion national budget; call for fiscal discipline, MPs’ CDF increased to MK23 million

Malawi parliament
File Photo: Malawi parliament

LILONGWE-(MaraviPost)– Malawi Parliament on Thursday, passed the 2017/18 national budget worth MK1.3 trillion, with calls from Parliamentarians for Government fiscal discipline in implementation it.

The lawmakers got their wishes for the increase of Constituency Development Fund (CDF) from MK18 million to MK23 million, representing a 66% rise.

The CDF increase came after members from both sides of the House joined forces in impelling Minister of Finance, Economic Planning and Development Goodall Gondwe to consider reviewing the DF. Gondwe at first only increased from MK18 million to MK20 million; however the members of the Parliament wanted the increase to be up to MK30 million. Continue reading Malawi Parliament passes MK1.3 trillion national budget; call for fiscal discipline, MPs’ CDF increased to MK23 million