Chancellor College based economics professor Ben Kalua has said there is no better time for the country to tame the run-away inflation than now, if it is to attain the 14.2 percent rate projection by June.<\/p>\n
On Friday, Kaluwa said given the fact that the economy does not expect a good harvest this year due to dry spell in some parts of the country, attaining a 14.2 percent inflation target would require concerted effort.<\/p>\n
The Reserve Bank of Malawi (RBM) last week projected a drop in the annual headline inflation to 14.2 percent by mid this year owing to what it said potential increase in the agricultural output.<\/p>\n
Kalua said there are several factors that both the monitory and fiscal authorities have to implement if the rate of inflation is to drop.<\/p>\n
\u201cJune would be the time people finish harvesting and as the inflation is heavily influenced by food supply, to say that then we would attain 14 percent is somehow unrealistic.<\/p>\n
\u201cThere is need for the government to start working now by among other things tallying expenditure with available revenue. Over expenditure by the government is partly to blame,\u201d said Kalua.<\/p>\n
He further tipped the authorities to adopt deliberate measures that would help in the diversification of food supply by going into commercial maize production than relying on small scale farming only.<\/p>\n
Kalua further said going forward; the economy needs to diversify its export base.<\/p>\n
\u201cThat would take care of the major areas which push inflation upwards,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Chancellor College based economics professor Ben Kalua has said there is no better time for the country to tame the run-away inflation than now, if it is to attain the 14.2 percent rate projection by June. On Friday, Kaluwa said given the fact that the economy does not expect a good harvest this year due […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-16728","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/16728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/comments?post=16728"}],"version-history":[{"count":0,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/16728\/revisions"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=16728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=16728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=16728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}