GOVT TO TABLE ZERO-AID BUDGET; MALAWIANS SHOULD EXPECT TOUGH TIMES AHEAD-KACHAJE

Date:

One of the business and economic commentators in the country, Henry Kachaje has said Malawians should expect tough times ahead following the yet to be tabled Zero-Aid Budget by the current administrations.

Kachaje said this in an interview with the press on Monday when asked to comment on what Malawians should expect from the budget due for presentation today afternoon.

“When donors give aid to a country, it normally comes in form of foreign currency. Now with this situation, it means the country should anticipate forex shortages,” he said.

Kachaje explained that it is this foreign currency that reduces deficit of balance of payment (BOP) adding that the budget is therefore expected to be a tough one.

During a rally held at Njamba Freedom Park in Blantyre on Sunday, President Professor Peter Mutharika said Malawi will be using a zero-aid budget in the 2014/2015 fiscal year.

This will be the second time for Malawi to run a zero-deficit budget. The first one was in the 2011/2012 fiscal year initiated by late President Professor Bingu wa Mutharika.

(Visited 23 times, 1 visits today)
Robert Ngwira
Attended Our Future Private Secondary School in Rumphi from 2006-2009 Holder of Diploma in Journalism from Malawi Institute of Journalism (MIJ) Hobbies, reading newspapers, going out with friends, listening to radio and watching football. Email: info@faceofmalawi.com

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Featured Video

click to play

Popular

More like this
Related

Remains Of Zambian Student who Died In China To Arrive Today

The remains of Zambian student Sampa Mwenya who passed...

Slay Queen With Small Nyἅsh Gets Men Talking On Social Media (Watch Video)

A Tik Tok user extensively danced with Shatta Wale’s...

STOLEN BABY PRESENTED BEFORE MAGISTRATE FOR CHILD THEFT CASE HEARING

THE baby that was reportedly stolen in May this...

Video|| Lady Strip Boyfriend Nak3d After Seeing Him Cheating With New Girl

Lady Strip Boyfriend Nak3d After Seeing Him Cheating With...