Month: March 2021 Posts

Boma lichotsa msonkho pa njinga zamoto

Mar 16, 2021 Archangel Nzangaya 0 &

Boma la Malawi lalengeza kuti posachedwapa lichotsa msonkho omwe anthu amapeleka akagula ndikulowetsa mdziko muno njinga za moto kuchokera m'maiko akunja. Izi ndi malingana ndi nduna ya zachuma a Felix Mlusu omwe amayankhula kunyumba ya… ...

Finance committee concerned over Govt borrowing

Mar 06, 2021 Malawi24 Reporter 0 &

Budget and Finance Committee of Parliament has expressed concern over the rise in domestic borrowing, saying it is risky, consumptive and overburdening. Chairperson Gladys Ganda made the remarks in Parliament on Thursday when she was… ...

DPP warns Malawians to brace for tougher times ahead

Mar 02, 2021 Mwayi Mkandawire 0 &

The Democratic Progressive Party (DPP) says Malawians should brace for tougher times ahead as the government is failing to generate enough forex reserves and the Kwacha is depreciating against major currencies. DPP spokesperson on Finance… ...

Free electricity and water connection pushed to next financial year

Feb 27, 2021 Mwayi Mkandawire 0 &

Minister of Finance Felix Mlusu says Tonse Alliance Government expects to fulfill the free electricity and water connection promise during the 2021/22 financial year. The Tonse Alliance led by Dr Lazarus Chakwera promised remove fees… ...

Malawi Budget revised to K2.3 trillion

Feb 26, 2021 Martha Chikoti 0 &

The 2020/2021 National budget has been revised upwards from K2.190 trillion to K2.334 trillion, with Finance Minister Felix Mlusu mentioning Covid-19, re-administration of exams and election case legal costs as factors for the increase. Mlusu… ...

Finance Minister Felix Mlusu gives MRA K150 billion monthly target

Nov 17, 2020 Malawi24 Reporter 0 &

Finance Minister Felix Mlusu has given the revenue collection body, the Malawi Revenue Authority (MRA), a K150 billion monthly collection target during the 2020/2021 fiscal year. Speaking to reporters in Blantyre on Monday after touring… ...

30% of IMF aid will be siphoned to 2021 financial budget

Oct 23, 2020 Sibu M. Mokoena 0 &

30% of the $102 million aid that the International Monetary Fund dedicated to Malawi will be directed towards the 2021 financial budget in order to shore up the issues caused by the recent pandemic. The… ...

Parliament approves K57 billion loan for watershed project

Oct 21, 2020 Martha Chikoti 0 &

Parliament on Tuesday approved the borrowing of K57 billion for the Malawi Watershed Services Improvement Project. International Development Association (Malawi Watershed Services Improvement Project) Loan (Authorization) bill will allow government through the minister of Finance… ...

Parliament passes K2.2 trillion budget

Oct 14, 2020 Martha Chikoti 0 &

Parliament on Wednesday passed the K2.2 trillion 2020/21 national budget. The budget was passed after completion of committee of supply where members were debating each allocation vote by vote. Speaking with reporters, Minister of Finance… ...

Malawians have been cheated – DPP

Sep 12, 2020 Mwayi Mkandawire 0 &

The opposition Democratic Progressive Party (DPP) says the Tonse Alliance Government has cheated Malawians because it has not fulfilled several of its promises through the K2.2 trillion budget. DPP spokesperson of Finance in Parliament Joseph… ...

Malawi Budget: No passport fees cut, removal of connection fees

Sep 11, 2020 Mwayi Mkandawire 0 &

In its first budget, the Tonse Government has failed to deliver on popular promises to reduce passport fees and remove fees on utility connections. The Tonse Alliance, during the campaign for the 2020 presidential elections,… ...

Malawi Minister of Finance presents K2.2 trillion budget

Sep 11, 2020 Martha Chikoti 0 &

Minister of Finance Felix Mlusu on Friday morning presented a K2.2 trillion, with the highest allocation going to the Ministry of Education. The 2020/21 budget is about 30.6 percent of the country’s GDP and represents… ...

Chilima wants punishment for officers who ignore public finance management guidelines

Aug 06, 2020 Mwayi Mkandawire 0 &

Vice President Saulos Chilima says the government should punish Controlling Officers who fail to adhere to public finance management guidelines. Chilima made the remarks on Wednesday during a meeting with Minister of Finance Felix Mlusu… ...

Chakwera fails: Zero Cabinet, rescinds tax band, rebuffed by Msiska

Jul 08, 2020 Malawi24 Reporter 1 &

Indecisive! This word sums up president Lazarus Chakwera's first nine days in office. Chakwera was elected president in the June 23 Fresh Presidential Elections and was sworn in on June 28. He immediately got to… ...

Implementation of K100,000 tax free band delayed

Jul 07, 2020 Mike Lyson Zgambo 0 &

The Ministry of Finance says the K100, 000 tax free band will not become effective this month. This is according to the press release signed by Peterson Ponderani who is Acting Secretary to the Treasury.… ...