CfSC May 2013 Basic Needs Basket and Press Statement


CfSC May 02 2013
The Centre for Social Concern (CfSC), has worryingly observed that the 2013/14 national budget, just like the preceding 2012/13 national budget, is not people centred. While acknowledging the fact that the current budget has been framed in the context of a stagnating economy that is struggling to emerge from a downturn, CfSC believes that government should have balanced the twofold equally important tasks of stabilising the country’s economy by giving incentives to the private sector (as the engine of growth) and also protecting the vulnerable through adequate social spending to reduce poverty.
 While acknowledging the troubling reality that Malawi is now back under the wings of the Bretton Woods Institutions (IMF and World Bank) CfSC believes that in engaging these institutions Malawi government should do so in cognisance of the lessons learnt from the recent past. READ MORE

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