‘Debt has failed us’ – The Times Group Malawi

Post was last updated: September 23, 2019

By Watipaso Mzungu:

The Centre for Social Concern (CfSC) has blamed the government for failing make the most of debts and grants it has been acquiring in recent past.

CfSC Executive Director, Father James Ngahy, said the borrowed money should be put into proper use to help alleviate poverty in the country.

Ngahy was speaking in Lilongwe on Thursday during a public debate the centre organised for members of the Parliamentary Committee on Budget and Finance, civil society organisations and the citizenry.

“Critical amenities continue to deteriorate as available resources go to non-productive sectors. In many cases, we have seen government borrowing to pay off previous debts, especially in domestic debt,” Ngahy said.

Ngahy said debts have proven to be a burden to the poor.

“We are very concerned that the national budgets benefit the few who are in positions of authority in government instead of the poor who are bearing the burden of repaying the debts. What we want is that the budget should be benefitting the poor and not just people in positions,” Ngahy said.

Ngahy urged parliamentarians to play a big role in ensuring that the 2019/20 budget benefits the poor.

Chairperson of Budget and Finance Committee, Sosten Gwengwe, challenged the government to find tangible solutions to abject poverty among Malawians.

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