Universal Fertilizer Subsidy Targets 3.5 Million Smallholder Farmers

By Manasse Nyirenda

Lilongwe, June 30, Mana: New Minister of Finance, Felix Mlusu has announced that 3.5 million smallholder farmers will benefit from the new government subsidized fertilizer programme in the 2020 to 2021 financial year.

Speaker of the National Assembly Catherine Gotani Hara captured in the Chamber during the presentation of provisional Budget

He made the announcement when he presented a provisional budget totaling K722.4billion which parliament subsequently adopted to fund government operations from July to October, 2020.

He said each farmer would be able allowed to buy at least two bags of fertilizers at K4,495.00 per  bag in the 2020 to 2021 financial year.

Asked on how the government would be able to fund the fertilizer subsidy in midst of dwindling revenue collection, the Minister said government would prioritize the subsidy because it would benefit many Malawians.

“We are making some savings and obviously, we are going to move some funds from non priority areas to fund that because obviously the fertilizers and all the farm inputs; that is a priority because it affects the majority of the people that we want to carter for.

“And all the savings we make are going to go towards the cost of fertilizer,” he hinted.

Democratic Progressive Party (DPP) Spokesperson on Finance, Joseph Mwanamvekha said although a provisional budget does not carry too many details he was looking forward to the new government fulfilling the promises it made to Malawians during the campaign period.

He said he was optimistic that the new Minister of Finance whom he described as a balanced person would keep his word having worked with him in the private sector.

The other highlights in the budget include the increasing of the tax free band from K45, 000 to K 100,000 and the revision of minimum wage from K35,000.00 a month to K50,000.

3 Responses to "Universal Fertilizer Subsidy Targets 3.5 Million Smallholder Farmers"

  1. tapiwa m. mkungula   July 1, 2020 at 3:49 pm

    Izitu zisayambitse devaluation. We need to have sober minds when coming up with some of these decisions. We are already having corona which has wrecked havoc to greater economies even though this administration thrashes its existence. If the devaluation is not going to be protected like what apm was doing, then those of us who were relying on insurance and fixed deposits to keep our money to buy thing in the future are doomed. Tisatsitsiranepo masalary apa through devaluations please!!!

    Reply
  2. utmcp   July 1, 2020 at 4:07 pm

    Please we need the budgets that will protect the value of our local currency. Enafetu we managed kugula masienta and malo because we could keep part of our money in fixed deposit accounts nthawi ya adadi omwe angakhale ndi loya komabe ndikatakwe kumbali yakayendetsedwe kachuma. Zoonadi please tiganizirane pomwe mukuganizira ena.

    Reply
  3. bumbling henchman   July 1, 2020 at 4:24 pm

    Kodi inu mmayesa mumati mudzatsitsa feteleza yense? Kuterokuja mmanama? Nanga subsidy sindiye kuti makoponi alowaponso yapa? Any way komabe izi madona amadana nazo, just go and ask great bingu. Izi mukuziputazi zimafuna michonya makalasi a apm omwe kachaje ankachita kuwaleresa amvekere mdziko muno masabsidy achuluka kaya pano olikuu?

    Reply

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