Minister of Finance Economic Planning and Development Goodall Gondwe has admitted that the Malawi government is working under pressure, amid increased woes hitting every sector of the economy.
The revelations were made in Lilongwe during a high level dialogue between Cabinet Ministers and the Civil Society Community (CSOs) where the latter had demanded an explanation on the state of the Malawi’s economy.
In his remarks the Finance Minister also advised Malawians to express patience citing that current economic performance cannot be impressive with 30 to 20 per cent of the resources defended on.
“We must adjust to that level and that’s a problem because we need to embark on stringent adjustments and reforms in our expenditure of resources.
“Production is not as high as it used to be, so we cannot expect to generate as much revenue from tax as the case was before. This low production is partly due to the ill weather conditions that hit the country in the last growing season,” said Gondwe.
According to Gondwe, government is among others, reprioritizing activities and mobilise more resources through tax reforms.
“A number of people who are not used to paying taxes will have to start paying taxes. We cannot afford a luxurious life under the circumstances,” reasoned the minister further adding that public resources would have to be used as intended and efficiently, ” he added.
Malawians are grappled with increased inflation, mass unemployment and widespread poverty.