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Study faults budget priorities for slow growth
['Our Reporter', 'Awistackyo Kabwinja', 'Wasili Gomani', 'William Nthala', 'Isaac Chikuniwenda Mtonga']
Nation Online
Budget priorities favouring consumption over productivity-enhancing investments threaten Malawi’s ambition to transform agriculture into a driver of economic growth under Malawi 2063 (MW2063), a new study has warned.
Presenting the findings at a dissemination conference in Lilongwe, Pangapanga-Phiri said the priority should be ensuring agricultural spending drives structural transformation.
Here we talk about large-scale farming, research, extension, markets, value addition and mechanisation,” he said.
Although government has allocated K1.145 trillion to the reformed CDF, agriculture remains largely absent from constituency invest-ment priorities, which continue to focus on roads, bridges and other infrastructure.
Therefore, other very important sectors like agricultural research, extension, livestock development and agribusiness are being neglected,” he said.