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MINISTER OF FINANCE EMBARKS ON PRE-BUDGET CONSULTATIVE MEETINGS

MINISTER OF FINANCE EMBARKS ON PRE-BUDGET CONSULTATIVE MEETINGS

The Minister of Finance and Economic Affairs, Honourable Simplex Chithyola-Banda, on Monday, 13th January 2025, launched pre-budget consultative meetings in Lilongwe with a view to solicit input from different stakeholders such as the business community, NGOs, faith-based organizations, the youth and academia, among others.

The initiative aims to gather diverse perspectives and proposals for inclusion in the 2025/2026 national budget.

In his statement, the Minister highlighted that the upcoming budget would rely on domestic revenue sources including taxes to finance various socio-economic projects.

He then stressed the importance of national collaboration to identify strategic areas to unlock Malawi’s natural resources and foster economic growth to meet the country's development needs.

“Drafting a national budget is a shared responsibility,” Chithyola-Banda emphasized. “I challenge all of you to contribute meaningful ideas that will help the formulation of an inclusive budget that mirrors our collective aspirations,” he added.

Acknowledging the country's current economic challenges, the Minister called for joint practical and tangible solutions to overcome the hardships.

The consultative process will continue across the regions as the Government further seeks to build a budget aligned with the needs and goals of all Malawians.


BY THOKOZANI CHIWAYA

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