Malawi’s Finance Minister Dr Ken Lipenga today, Friday, June 8th, presents to parliament government’s financial plan for the year 2012/13, amid calls for his resignation. This follows his own revelation that the former government led by the DPP lied to the nation by presenting to parliament budget figures that were aimed at deceiving the country that the former government’s 2011/12 Zero Deficit Budget was a success.
The
Ministry of Finance and the Malawi Revenue Authority conspired that the latter borrow
money from banks to make up for tax under collection and create the impression
that all was well with government coffers.
Ken
Lipenga was Minister of Finance, a post he still holds, when these transactions
were being effected but he claims all this was done behind his back, hence
cannot resign as demanded by some sectors.
That
Ken Lipenga is guilty or innocent in this is not yet known. What is known and
cannot be disputed, though, is that his credibility as Minister of Finance has
been severely battered.