The President was delivering his State of the Nation Address and also opening the 2015/16 budget meeting of Parliament in Lilongwe.
He said the reforms were aimed at curbing mismanagement of funds. On macroeconomic reforms, the Malawi leader said government would continue to pursue macroeconomic reforms to boost the economy.
He said Malawi was facing various socio-economic challenges that needed to be addressed in the short and long term.
The President also said government will endeavour to reduce its fiscal deficit and that the 2015/16 budget will reflect prudence in financial management.
He said his administration was doing everything possible to redefine and position Malawi’s destiny as a nation and would not relent in the fight against corruption.
President Mutharika said currently cases involving the cashgate were being prosecuted.
On agriculture, the President said the country was expected to have a shortfall in maize production of around 27.7 per cent due to floods and dry spell.
He said government had allocated K3-billion in the 2015/16 budget for re-stocking silos.
Professor Mutharika said government was also developing all sectors including mining, health, education, tourism and transport.
On child labour, Professor Mutharika said it was sad to note that children are exposed to pathetic conditions saying government is therefore putting stringent measures to fight the malpractice.
The President said his administration has a clear vision aimed at addressing various challenges facing the country. He said the agenda to transform the country was on course.
Professor Mutharika urged all Malawians to be united and take the country to greater heights.
The Malawi leader thanked all development partners for the role they play in the country’s development efforts.