By Antony Isaiah Jr
Peoples’ Transformation Party has asked the government through the minister of finance to freeze public events until the economic situation improves arguing that the events are a well-known channel for huge financial expenditure.
Making the remarks was the Party’s President, Kamuzu Chibambo during the press briefing in Blantyre saying that reducing the public events could also help the country to recover its economic crisis and austerity measures in the present economic environment, government should revise down fuel allocation to ministers and principal secretaries.
Chibambo who is also the Spokesperson for the Political parties in the Tonse alliance said the government need to adopt better monetary policies in its quest to save money and generate adequate fores to address the existing fuel crisis.
“I wonder why ministers and principal secretaries are still drawing 2000 and 1500 litres of fuel monthly? These fuel allocations ought to be slashed down to less than 750 litres per month forthwith.
“When the economy is in bad shape like ours, ministers and other senior government officials must lead by example, ” said Chibambo.
Malawi is still facing Forex crisis and Foreign shortages in Authorised Dealer Banks (ADBs) have forced commercial banks to continue rationing the hard cash, a situation which is crippling operations of businesses, it has emerged.
The situation, which market analysts have attributed to the continued scarcity of foreign exchange and the subsequent pressure on the local currency due to the recent disruptions in the global supply chain and logistics, has seen banks revising the forex allocation limit for their customers.
President of Petra held the briefing to address on the country’s current forex shortage and other related crises and general economy instability where he also expressed concern over the manner in which corruption cases are being handled in Malawi, singling out that of Zuneth Sattar’s.