World Bank Tips Malawi On Economic Recovery Through Agriculture Resilience

The third Malawi Economic Monitor (MEM) by World Bank has underline that development of a better system to mitigate agricultural shocks while continuing fiscal discipline will set Malawi on an economic growth recovery path in 2017. 

MEM titled Absorbing Shocks, Building Resilience released on Wednesday in Lilongwe notes that Agriculture which is the country's backbone continues to face risks associated with the drought, flooding, disease, price volatility, and low levels of on-farm adoption of risk management practices and technologies and that these have all contributed to volatile and often negative rates of agricultural GDP growth. 

Low Paid Civil Servants To Get A Raise

Minister of Finance, Economic Planning and Development has increased budgetary allocation to the Department of Human Resource Management and Development with K7.7 billion in order to allow lower paid workers in civil service to get better salaries. 

Finance Minister Goodall Gondwe told the National Assembly during the Committee of Supply before the passing of 2016/17 budget that the increment has been made to avert possible strike if workers continue to get little salaries. 

CDF Allocation Increased To K18 Million Per Constituency

There was jubilation in the National Assembly during Committee of Supply when Finance Minister, Goodall Gondwe announced that Constituency Development Fund (CDF) to each constituency has been increased to K18 million from K12 million.

CDF is under National Local Government Finance Committee budgetary vote and Members of Parliament were proposing increment of K20 million allocation per each constituency from K12 million. 

But the Gondwe earlier told House that Government was willing to raise CDF per each constituency from K12 million to K15 Million. However, the Finance Minister motion was defeated and the Committee of Supply deferred the vote forcing the Minister to make further consultation. 

2016/17 Budget Increased To K1.149 Trillion Now Passed

Goodall: Presented Budget on 27 May 2016

The 2016/17 National Budget has been passed on Thursday night by the National Assembly but the budget figure has now been increased to K1. 149 trillion from K1.140 trillion following the introduction of new budgetary allocation vote for the Greenbelt Initiative and increment made to Department of Human Resource Management and Development by K7.7 billion

Greenbelt Initiative which has just been created by Government is a new vote which has received an allocation of K300 million. It was omitted on the Order Paper until it appeared on Thursday night when Government presented Supplementary Order Paper.

National Assembly Budget Increased by K1 billion

Minister of Finance has increased the National Assembly budgetary vote by K1 billion after legislators had on Monday deferred the vote saying it was insufficient to enable committees of the House to carryout their oversight roles.

The National Assembly vote was initially allocated with K9. 410 billion and with the change the vote has increased to K10. 410 billion.

Water Scarcity Hits Parliament: Force Early Adjournment

Deputy Speaker of the Malawi National Assembly, Esther Mcheka Chilenje on Wednesday evening adjourned the House earlier than agreed time citing health grounds as taps runs dry at the Parliament.

The adjournment that happened at 18:44 hours left Leader of House, George Chaponda and his fellow cabinet ministers gob smacked as it happened just after Government had successfully won the motion to extend the sitting time for the Committee of Supply to last night hours.

FISP Allocation Increased By K3.5 Billion

Government has increased budgetary allocation to the Farm Input Subsidy Programme (FISP) with K3.5 billion raising the figure from initial K31. 4 billion to K34.9 billion.

Minister of Finance, Economic Planning and Development informed the Committee of Supply that the increment has been made following increase in the market price of fertilizer commodity.