The International Monetary Fund (IMF) has criticised the Malawi government for overspending in different sectors.
The development comes at a time when Malawi is reported to be sailing in financial woes following impacts of natural disaster that hit the country in past agriculture seasons.
The IMF has observed that despite the country beating its target on tax collection, Malawi is failing to stand strong financially due to overspending.
IMF team that visited Malawi led by Oral Williams disclosed a need for the country to rationalize expenditure.
Williams added that Malawi is spending more on few top government officials than rural citizens of the country.
“ Expenditures and commitments need to be kept within available funding to avoid the emergence of new payment arrears and increased recourse to domestic financing, which would undermine the fight against inflation,” said IMF in a statement.
Malawi finance minister Goodall Gondwe acknowledged the problem of overspending citing political interference as a major reason.
Gondwe disclosed that some government officials are entitled to too much benefits that demand huge sums of money.
One such official is President Peter Mutharika who is reported to be spending taxpayers money in United States of America by extending his stay in the country even though the United General Assembly which he went to attend ended over a week ago.
Meanwhile, the IMF has extended Malawi’s Extended Credit Facility (ECF) program to mid 2017.
The ECF was due to expire at the end of this year but it has been extended to allow time for Malawi to demonstrate achievement of new macroecomic targets set by the IMF.
chodziwadziwa
Zanyanya, mmmmmmmmh shame on our #greedy_leaders
Mbava zmenez sindizazikhulupiliranso!
IMF blasts Mutharika for overspending
KKK APANDE KUFA KULIPO!
Malawi lacking financial prudence
Watopanawo udindo m,mati achite kunena,wankulu sauzidwa.
Mbava inu mukuuzan chan?
Zabodza
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mkonowotidyesa walira mayo ndi over spending aprof. Mukuti bwa?
Guyz {BLAST) other terminologies are too big to be used on mare issues like OVERSPEODING
Pamene IMF anati tikuyendetsa bwino chuma panali phokoso pa MBC nde kaya izi anenanso…..boma lokanika mapeto chiyambileni zipani zambiri
Arrest him if there is justice after the day he will lose the elections
Tell the truth that you are experiencing the world economic problem rather than criticising malawi.
Typing…..
Mwana mbu make mbu azungu suja mwamupasa ma ward pitala.
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Kulira sikudzatha malawi!selfish leadership
overspending in which sectors? nothing here is working, I wonder when is the rapture this is all nosense
This so called president is taking us as if we are his tenants
no vision money for development u use for prestige the owner are right to blast
NDIKUPEMPHA AMALAWI TONSE KUTI MONDAY TIPANGE ZIONETSERO ZOCHOTSA PETER MUTHALIKA PA MPANDO…NTHAWI YOYAMBA 10AM….MALAWI BT=POLLYTECHNIC…LL =COMMUNITY GROUND. ..MZUZU=MZUZU STADIUM
KOMANSO MAPOST OFFICE ONSE MALAWI MUNO
NDIKUPEMPHA MEDIA ITITHANDIZE KULENGEZA ZIMENEZI
(NDINE YEMWE UJA-MALAWI OLIRA)
zisilu zokha.zokha bas
Where is Boko haram or Isis ?? please come and redeem us
Kkkkkkk
Amboza inu a Mw news24 tinamveratu ife zonse zimene zinakambidwa
President wanuyu ndi gwape weniweni bolani Bakili zinthu zinkayenda.
1 thinks like a toddler when he/she is old….
I M F & WORLD BANK STUPID
Kkkkkkkkkkkkkkkkk bodza
Samsung Galaxy Tab 3 for sale @negotiable price
NDA galu
How can a poor MW overspend
That’s IMF
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You will never learn
Wat typ of gorvnmnt wil tk us somewhr?jst do tings 4 their survivo mmmm only God knws hw long wil t tak 4 MW to reach their desitiny
Mwayika apawa ndamene akuba ndalama zathu,chitsiru chinditukwana
I don’t know who to defend here both the government and the imf they are all the same
eish my coment is still loading ma handset batile low magesi athima, eish
Ma cadet nkuzasowa choyankha pamene paja kk
Ok
r they supporting us in any way for them to dictate how we should use our hard earned money? That is colonialism of the highest order!
you have no idea how much we need them
You Don’t Get It – Thickhead! We Are Spending What We Don’t Have, Hense The High Inflation!!!
if dey hve nothing 2 say,dey hve 2say nothing, overspending? ndalama ndiwathu alipo ife kuononga basi,sathandiza ife akufuna chani? atileke tidye money basi c bwerera zawozo.
Mesa kodi anasiya kutithandiza? Fuck
I wish this so called mr minister Gondwe should jast resign!
Atsogoleri salikonda dziko lamalawi mchifukwa chake akuwononga chuma cha dziko very sad indeed.
Mmmm Malawi koma! !