President Lazarus Chakwera has warned that the newly-passed K8.07 trillion 2025/26 National Budget will have no impact without hard work to guarantee revenue generation.
The President said this in Lilongwe on Thursday during the opening of the 2025 Technical Entrepreneurial Vocational Education and Training Authority (Teveta) Conference.
Chakwera, who commended members of Parliament (MPs) for passing the budget, indicated that the fiscal plan is just a document requiring implementation to be effective in delivering for the people.
He said: “The budget will remain on paper without meaningful impact if we do not work hard to generate revenue. As you know, the budget depends on tax revenue which is generated from hard work.
“This is why my administration will continue to make sure that all the gaps are sealed so that no one accesses the budget funds without working for it.”
Parliament passed the K8.07 trillion budget on Wednesday, with increased funding towards pro-poor sectors of health, education, agriculture and infrastructural development.
Commenting on Teveta functions, Chakwera described the institution as key in training the country’s youths in technical skills that form the basis of production, innovation and technology in line with the country’s long-term development goals.
In her keynote address, Malawi University of Science and Technology (Must) Vice Chancellor Professor Address Malata stressed the need for training institutions such as Teveta to align their curriculum with the dynamics associated with technological advancements of the modern world while responding to national and regional development goals.
She stated: “There is need for institutions like Tevet to ensure that their services are providing solutions in relation with the Malawi 2063 agenda and sustainable development goals to support the country’s development aspirations.
“I see the skills provided by Tevet as critical to the country because they respond directly to the primary needs and I must emphasise that the youth must not feel underrated when enrolling with them.”
Meanwhile, Teveta board chairperson Pyoka Tembo has said there are positive changes in recent years as people have started embracing the authority’s technical education offerings after realising its role in driving entrepreneurship.
Through the Teveta levy, employers are mandated to pay one percent of their wage bill towards Technical education promotion.
