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Bingu defends zero deficit budget

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Bingu defends zero deficit budget

 

3/02/12

Lilongwe

President Bingu wa Mutharika has strongly defended the mid-year review performance of the heavily criticized zero deficit budget implemented by his government mid last year, describing it as a success towards real economic independence.


The Malawi Leader revealed this during the official opening of the first sitting of the 43rd session of parliament in Lilongwe this morning.


Amid cheers from the ruling Democratic Progressive Party-DPP members of Parliament, President Mutharika teased critics of the budget of being ignorant of the true concept behind it.


Leaving out sticky issues like the on-going judiciary strike that is almost in its second month; Mutharika filled the house with repeated past developmental stories under his leadership.

President Bingu Wa Mutharika explains ........


However, Leader of the Opposition in Parliament, John Tembo, has described President Mutharika’s national address as disappointing.


Tembo also faults President Mutharika’s challenge that donors and the International Monetary Fund-IMF should give his government three years to come up with local prudent policies to recover Malawi’s pathetic economy.


John Tembo explains ........

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