Malawi: Ganda Punches Holes in Mid-Year Budget, Spells Doom for Malawi Economy

Chairperson of the Parliamentary Budget and Finance Committee, Gladys Ganda, has said the economic growth projections at 3.5 percent as contained in the mid-term budget statement presented on Friday February 26, 2021 by Minister of Finance Felix Mlusu have been "overstated".

Speaking in Parliament on Thursday, March 4, 2021 "to offer a few reflections as considered by Committee on Budget and Finance", the Nsanje Lalanje legislator noted that despite the good rains in most parts of the country, the dry spell and the reported fall armyworm destruction of more than 860,000 hectares of the maize crop in some parts of the country coupled with the continued surge in Covid-19 would put this estimate in big doubt.

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