The Speaker of the National Assembly Catherine Gotani Hara has announced that President Lazarus Chakwera will officially open the 2022/23 Budget Meeting of Parliament on Thursday, February 3,2022 at 10 am in the Parliament Chamber.
The budget meeting will be held from Thursday, February 3,2022 to Friday, April 1, 2022 at Parliament building. This will be the fifth meeting of the Assembly in the 49th Session of Parliament.
The 2022/23 National Budget calendar will be unique and different from previous budget cycles as it will span from April 1 to March 31. Previously, the tradition has been that the fiscal year was commencing on July 1 to June 30.
Government said it observed that budgets appropriated in June and implemented from July are late for timely provision of resources for importing agricultural input.
“To ensure that the country has fertilizers and other inputs by the start of the agricultural production season, the import logistics require that the process be funded and commence much earlier.In addition, an April-March fiscal year will facilitate early funding of Admarc and the National Food Reserve Agency (NFRA) and capacitate these institutions to compete better in purchasing smallholder agricultural produce,” said Secretary for Economic Planning and Development and Public Sector Reforms Winford Masanjala in a memo dated December 22,2020, announcing the change of the calendar to all heads of government ministries, departments and agencies (MDAs).
The 2020/21 fiscal plan, a maiden budget for Tonse Alliance, was maintained on the July-June calendar while the 2021/22 fiscal year, currently in force, was shortened to nine months, commencing on July 1, 2021 and is expected to end on March 31, 2022.
However, the 2022/23 budget and all subsequent fiscal plans will use the April-March cycle.