National budget in K248 billion deficit

DISASTROUS— Cyclone Freddy The country continues to struggle to finance its budget, with the Reserve Bank of Malawi (RBM) indicating that the 2023-24 national budget registered a deficit of K247.5 billion in the first quarter. The 2023-24 national budget is pegged at K3.7 trillion. But Finance Minister Sosten Gwengwe Sunday said the financial plan remains on track. RBM indicates that, in April— which is the first month of the…

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