Government has said that the K13 billion grant the African Development Bank (ADB) has pledged to Malawi will help accelerate the country’s economic independence.
Speaking in interview Malawi’s finance minister Goodall Gondwe said that the grant has come at a good time.
“At the moment the country needs ways of how it can become self dependent financially and we hope the grant will go a long way in helping Malawi achieve that dream,” he said.
Gondwe added that the money will be used in the education and health sectors.
“At a time where the health and education sectors are meeting numerous challenges for sure the loan will help cushion some of the problems,” he said.
Recently on the issue of budgeting, the legal affairs committee of parliament expressed dismay over government’s secret nature in allocating funds to departments which its officials had no clue on what they would use the funds for.
Speaking to Afriem the chairperson of the committee Peter Chankhwantha said that government increased funding to various departments without purpose.
“Most of the top officials are failing to explain to us how they will use the additional funds.
“For that reason we have sent them back because to us that shows lack of seriousness,” he said.
Chakhwantha also appealed government to desist from the malpractice as it is costly to Malawians.
“We get allowances each day we are in parliament and because of this challenge we are taking time to complete exercises that could have taken less time,” he said.