Malawi’s public debt has ballooned to K15.17 trillion under the MCP government, now one of the highest deficits in Africa. The World Bank and the US have raised alarms, warning that the country’s fiscal mismanagement threatens long-term stability.

The MCP’s heavy reliance on borrowing, without implementing necessary reforms or controlling spending, has led to an unsustainable debt burden. The World Bank has urged the government to immediately cut unnecessary expenditures and stabilize borrowing to prevent further economic decline.

Opposition parties, particularly the DPP, accuse the MCP of fiscal recklessness, pointing to the growing debt as evidence of their failed leadership ahead of the 2025 elections. Critics argue that under the MCP, the economy has deteriorated, with domestic borrowing crowding out private sector growth and pushing the country toward financial collapse.

As Malawi approaches the 2025 elections, the soaring debt and economic mismanagement may become key points of contention, with the public growing increasingly frustrated by the government’s inability to deliver on promises of financial reform.