LILONGWE, June 29, 2016— Malawi needs to develop a better system to mitigate agricultural shocks while continuing fiscal discipline to set itself on an economic growth recovery path in 2017. This is the message of the third Malawi Economic Monitor (MEM) titled Absorbing Shocks, Building Resilience released today by the World Bank.
The 2016/2017 agriculture budget is probably the most unique budget in the past 10 years, in its design and also priorities, writes CISANET National Director Tamani Nkhono-Mvula.
We have seen in this budget a reduction in allocation to the ‘sacred’ Farm Input Subsidy Program (FISP) as a percentage of the whole agriculture budget by about 50% from MK60 billion in the 2015/2016 budget to MK31 billion.
As parliamentary committees scrutinized budgetary allocations to different ministries and departments through cluster meetings, Civil Society Agriculture Network (CISANET) National Director Tamani Nkhono-Mvula shares his insights on the budgetary allocation to the agriculture sector which is the backbone of the country’s economy.
Q: What is your take on the proposed 2016/17 National Budget?
A: The general budget statement was very good and we understand the situation that government finds itself in.