Sunday, May 26, 2024

Finance Minister Urges Politically Neutral Budget Scrutiny by Parliamentarians

Simplex Chithyola-Banda, the Minister of Finance and Economic Affairs, has emphasized the pivotal role played by the Parliamentary Committee on Budget in crafting a comprehensive budget that effectively addresses the needs of the Malawian populace.

Addressing the committee during an engagement session in Mponela, Dowa on Saturday, the minister underscored the Ministry’s profound appreciation for and earnest consideration of the committee’s input regarding budgetary planning, execution, and oversight.

“The economy currently recovering will move at a supersonic speed once we hang our political interests over national interest hence the need for collaboration amongst all stakeholders including members of parliament.

“Government takes seriously the outcome these meetings as they are informative to various issues including macroeconomic management, tax policy issues and management, expenditure control and debt sustainability,” Chithyola-Banda said.

In his remarks Secretary to the Treasury Betchani Tchereni said the inputs from the members are valuable for further perfection, improvement and common understanding of figures and stories behind the budget.

Parliamentary Committee on Budget Chairperson Gladys Ganda said the economy is still recovering from the impact of Covid-19 and Cyclone Freddy hence the need for constructive feedback and advice on the budget.


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