World Bank country manager Firas Raad has suggested that government should enhance tough budget and follow austerity measures to strengthen agenda as they prepare new economic recovery plan
Raad said this during the launch of the December 2025 Malawi Public Finance review which according to him is providing in-depth assessment on Malawi fiscal position and macro-economic crisis.
In his presentation the manager said disclosed that over the past 15 years the government spending has almost doubled from 16 percent in 2021/22 fiscal year to 30 percent in 2024/25 financial year
“The surge is as a result of fiscal equations that remain out of balance,” Raad says
He added that they have hope the report will serve as a catalyst for dialogue that will help the president and government of Malawi to restore macroeconomic stability, protect the vulnerable and unlock long-term Malawi’s development potential
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