Wednesday, July 6, 2022
  • About Us
  • ImagiNATION
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Constituency Development Fund

by Johnny Kasalika
07/11/2012
in Business News
1 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

This week, we will discuss the Constituency Development Fund (CDF). Our discussion will be based on CDF’s management guidelines, in their current state, as developed by government in 2006.

Government, through the National Local Government Finance Committee (NLGFC), has initiated a review of CDF management guidelines.

The discussion, therefore, provides a further opportunity for input that will feed into the review of the CDF management guidelines that has just been initiated.

Establishment

Government established CDF with a view of spreading rural development evenly throughout the country.

The CDF is there to respond to immediate, short-term community development needs.

It provides members of Parliament and their constituents an opportunity to choose and implement projects that maximise their welfare in line with their needs and preferences.

Parliament approved the first budgetary provision for the CDF in the 2006/2007 fiscal year with an initial allocation of K2 million per constituency. The allocation increased to K7 million per constituency in the 2012/2013.

Being part of voted expenditure in the national budget, management of the CDF is governed by the Public Finance Management Regulatory Framework comprising mainly the Public Finance Management Act (2003), the Public Procurement Act (2003) and the Public Audit Act (2003).

 

Previous Post

Cosmos relaunch Gabadinho bid

Next Post

40% of Lilongwe workforce in informal sector

Related Posts

Business News

Imports 92% more expensive—report

July 5, 2022
Business News

FDH Bank shareholders to share K7.3bn dividend

July 5, 2022
Vision 2020 failed to alleviate people’s suffering in the country
Business News

Rising prices to push people into poverty

July 5, 2022
Next Post
The Nation Online 40% of Lilongwe workforce in informal sector

40% of Lilongwe workforce in informal sector

Opinions and Columns

Columns

Chakwera’s lost years

July 6, 2022
My Turn

Early years education counts

July 6, 2022
My Turn

Child neglect and street robbery

July 4, 2022
Editor's Note

MPs’ houses to cost taxpayers K60bn

July 3, 2022

Malawi-Music.com Top10

Trending Stories

  • Press Corporation sold PTC in March this year

    PTC outlines future prospects, shuts shops

    0 shares
    Share 0 Tweet 0
  • Chakwera u-turns on powers

    0 shares
    Share 0 Tweet 0
  • Dubai firm cries foul

    0 shares
    Share 0 Tweet 0
  • APM, Ntaba risk Criminal charges

    0 shares
    Share 0 Tweet 0
  • Artists revel in presidential awards

    0 shares
    Share 0 Tweet 0

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.