2021/2022 national budget pegged at MK1.99 trillion

Date:

Minister of Finance Felix Mlusu has unveiled a K1.99 trillion 2021-2022 National Budget which represents 19.4 percent of the country’s GDP.

Out of the total envelope, K1.419 trillion is recurrent expenditure while K570.8 billion is for development expenditure.

In the 2020-2021 Budget, the Affordable Inputs Program (AIP) has proved to be a success enabling the country to register a 1.4 million metric tons surplus.

With this in mind, Mlusu says the AIP will be continued in the 2021-2022 fiscal year with a total of 3.5 million people to benefit.

He says the country is in the process of looking for an export market for farm produce within Africa.

Mlusu says total revenue and grants have been estimated at K1.27 trillion of which K1.1 trillion is domestic revenue while K56.9 billion will be sourced from other revenues.

(Visited 232 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

Share post:

Featured Video

click to play

Popular

More like this
Related

Police Officer Caught Having S3x With A Female Cop, Angry Wife Seriously Damages Car

A high-ranking Joburg officer, a JMPD superintendent, was allegedly...

The Zodiac Signs When Fluttering in Love

Aries Vibration for Aries is a very stimulating feeling,...

Two Female Police Officers Burnt To Death, Two Others Shot Dead By Gunmen

Four policemen were killed on Friday night when criminals...

Teenage Girl Commits Suicide After Parents Disapproved Her Relationship

An 18-year-old girl has committed suicide in Chiradzulu after...