Minister of Finance, Economic Planning and Development Hon. Goodall Gondwe disclosed that Government is faced with tough choices and decisions to be put into motion in this budget following the looming economic challenges and the drying up budgetary support financing. He reiterated that Government is seriously considering ways and means of shrinking the 2015/16 National Budget following advice and concerns shared by key stakeholders including the IMF. The Minister made these remarks during the 2015/16 Pre–Budget Consultation Meeting conducted in Lilongwe at Bingu International Conference Centre on March 26, 2015.
The Minister called on the civil society “thinkers” and the academia present in the meeting to help provide only ideas that would help Malawi get towards self-sustenance and reduce its national budget from the bemoaned 40% of GDP, to the expected lower levels by international standards. He further disclosed that the ambitious view of Government now seeing to it that Malawi does everything possible to become a self-reliant country by 2020.