Africa-Press – Malawi. Malawi’s government has burned through an alarming K3 trillion in only four months, sparking outrage and raising serious questions about fiscal recklessness at Capital Hill.
A Quarterly Financial and Economic Review by the Reserve Bank of Malawi (RBM) reveals that between March and July, government expenditure ballooned far beyond budget projections, leaving economists shocked at the scale of indiscipline.
Experts warn that such runaway spending threatens to cripple the economy, fuel inflation, and pile more pressure on an already strained public purse.
“This is not just overspending — it is financial irresponsibility of the highest order. Without urgent discipline, the country risks a fiscal meltdown,” one economist said.
The RBM report points to uncontrolled recurrent costs — including travel, procurement, and allowances — swallowing the bulk of resources, while development expenditure that could actually grow the economy remains neglected.
Critics accuse the administration of prioritizing luxury and political appeasement over essential services, leaving millions of Malawians to suffer from rising prices, unemployment, and deteriorating social services.
Opposition figures have branded the spending spree “economic sabotage,” arguing that government is living far beyond its means while ordinary citizens shoulder the burden.
Economists are now demanding a radical shift in government priorities — cutting waste, halting unnecessary travel, and redirecting resources toward agriculture, manufacturing, and job creation.
“Malawi cannot borrow and spend its way out of poverty. This path only leads to collapse,” warned another financial analyst.
As calls for accountability grow louder, pressure is mounting on the administration to explain how it managed to blow through trillions in record time — with little to show for it.
For More News And Analysis About Malawi Follow Africa-Press
