PP Wants Prudence In Implementation of 2014/2015 Supplementary Budget

PP Wants Prudence in Implementation of 2014/2015 Supplementary Budget

Jooma: Standing 

Peoples Party (PP) has stressed importance that government be prudent when implementing 2014/2015 Supplementary Budget which has extra K32 billion. 

Spokesperson for the party on Finance matters in Parliament hon. Ralph Jooma says government should endeavor to utilise and channel the resources as passed by the National Assembly last week for the benefit of the rural poor.

Tuesday last week National Assembly authorized the government to use total sum of K769.2 billion following passing of the Supplementary Appropriation Bill of 2014/2015 financial year.

"As PP we understood the reasons why the Finance Minister was asking for extra resources" said Jooma, who singled out depreciation of Kwacha in the middle of implementation of the budget and debt interest for statutory expenditure as valid reasons that government gave the House to pass the extra resources.

He said, it was necessary that following depreciation of Malawi Kwacha the House had to approve extra resources for government to obtain the same value of the approved budget as well as enable government to meet some of the commitments like FISP and others in full.

"Finance Minister was asking for K32 billion extra money which we have just approved in the House because we are satisfied that he had to get that money in order to implement budget as a whole.”

“Our advice to government is that they should make sure that this money should go for intended purpose, should be used to serve the votes that were intended to go but also to trickle down to the poor because at the end of the day it is the poor person in the remote area who we are concerned with.”