By Linda Kwanjana
Minister of Finance , economic Planning and decentralisation, Joseph Mwanamvekha on Friday, presented 2026/ 27 budget describing it as pro – poor and development.
The 2026-27 Budget has been framed and formulated under the theme “Driving Economic Recovery and Sustainable Growth through Impactful Reforms and Fiscal Consolidation.”
This according to the Minister reflects Government commitment to restore macroeconomic stability, rebuild confidence, and lay the foundation for inclusive and resilient growth.
Mwanamvekha said , the 2026-27 Budget provides the fiscal context to this theme and creates an opportunity for the new administration to strategically articulate its policy direction and implement its
commitments.
On Expenditure ,
On the expenditure, Mwanamvekha said Government will continue to implement
austerity measures to eliminate waste, reduce non-essential spending.
“Government will continue to implement
austerity measures to eliminate waste, reduce non-essential spending and improve efficiency in public service delivery. Resources will be redirected towards high economic impact sectors that drive productivity, create jobs, promote and support growth,” he said.
He said the Budget being presented
is people-centered, pro-poor,
developmental and transformative.
“In view of this , our immediate priority is
macroeconomic stabilization. Let me emphasize from the onset that this Administration is geared to pursue prudent fiscal policies aimed at reducing the budget deficit and consequently public
debt stock,” he said.
He said s Government will strengthen domestic revenue mobilization efforts including broadening the tax base, enhancing compliance, and modernizing tax administration, while protecting low income households and productive sectors.
ATMM
On Agricultural, Tourism and Mining the Minister said Government registered
significant progress in irrigation development under the Shire Valley Transformation Project (STVP), including expansion of irrigation schemes covering 4,194 hectares. In addition, matching grants were provided to farmer’s cooperatives under Agriculture Commercialization (AGCOM) and Malawi Watershed Services improvement Project (MWASIP) and currently K1,3 trillion has been budgeted.
