Fiscal deficit set to worsen - The Nation Online: Minister of Finance, Economic Planning and Development Goodall Gondwe says the 2018/19 financial year deficit could worsen if the World Bank fails to commit its financial pledge.
Speaking on the sidelines of the Reserve Bank of Malawi (RBM) Monetary Policy Conference in Mangochi on Tuesday, the minister said the Bretton Wood institution had earlier pledged K60 billion budget support, but its decision not to disburse the money could mean a larger than expected deficit for the budget.
Speaking on the sidelines of the Reserve Bank of Malawi (RBM) Monetary Policy Conference in Mangochi on Tuesday, the minister said the Bretton Wood institution had earlier pledged K60 billion budget support, but its decision not to disburse the money could mean a larger than expected deficit for the budget.
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