Month: September 2020 Posts

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… ...

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.… ...

Malawi Finance Minister presents K2 trillion budget

Jun 12, 2020 Mwayi Mkandawire 0 &

…  Says budget cuts inevitable Malawi’s Minister of Finance Joseph Mwanamvekha on Friday presented a K2 trillion 2020/21 budget but warned that government will face challenges in revenue mobilisation due to the Covid-19 pandemic hence… ...

Malawi gets K18 billion from EU

Nov 25, 2019 Mwayi Mkandawire 0 &

The European Union (EU) has given Malawi €22 million (about K18 billion) to support government’s efforts to improve the transparency and accountability in the use of public funds. The funds will support Public Finance Management… ...

Over one million Malawians face hunger

Oct 03, 2019 Mwayi Mkandawire 0 &

More than one million Malawians are at risk of starvation this year, government says. In a statement today, Cliff Chiunda, Secretary to Treasury in the Ministry of Finance, Economic Planning and Development said the affected… ...

Mwanamvekha presents K1.7 trillion budget

Sep 09, 2019 Mwayi Mkandawire 0 &

Minister of Finance, Economic Planning and Development Joseph Mwanamvekha on Monday presented a K1.7 trillion budget which he hopes will deliver inclusive growth, infrastructure development and economic empowerment for a  majority of Malawians. In the… ...

Mwanamvekha welcomes pre-budget suggestions

Jul 24, 2019 Martha Chikoti 0 &

Minister of Finance, Economic planning and Development Joseph Mwanamvekha says his ministry is ready to get proposals from Malawians on the 2019/2020 budget. Mwanamvekha made the remarks at Bingu International Conference Centre (BICC) in Lilongwe… ...

Govt clueless on what to do with K16 billion

Jun 05, 2018 Malawi24 Reporter 0 &

Government has claimed that it has K16 billion at the Reserve Bank of Malawi (RBM) and it does know what to do with it. According to Ministry of Finance spokesperson, David Sado, the K16.2 billion… ...

MNAT lobbies for adequate funding for action against trafficking

Apr 06, 2018 Bright Malenga 0 &

Malawi Network against Trafficking (MNAT) has called on government through the Ministry of Finance Economic Planning and Development to increase funding for the implementation of the Trafficking in Persons Act and National Plan of Action… ...

Govt against using foreign currencies in local transactions

Mar 01, 2018 Bright Malenga 9 &

Malawi Government through Ministry of Finance has warned against using foreign currencies in local transactions saying the practise is illegal. According to a statement signed by Secretary to Treasury Ben Botolo, the act is against… ...

Govt planning to reduce domestic debt

Feb 17, 2018 Bright Malenga 0 &

Malawi government has said it wants to reduce domestic debt from current 25 percent of Gross Domestic Product (GDP) to internationally recognised 20 percent of GDP in three years. The sentiments were made by Minister… ...

Gondwe spells out measures to cut spending

Feb 17, 2018 Bright Malenga 10 &

Minister of Finance Goodall Gondwe has revealed measures which government has put in place to cut spending. When he was presenting midyear budget review in Parliament on Friday, Gondwe said the measures include a reduction… ...

Dausi receives ex-MYP benefits

Jan 25, 2018 Malawi24 Reporter 31 &

Minister of Information and Communications Technology Nicholas Dausi has been named as one of former Malawi Young Pioneers (MYPs) who have already been paid their terminal benefits. Dausi who is a ruling Democratic Progressive Party… ...

Dedza chiefs want tax on soap removed

Jan 18, 2018 Luke Bisani 35 &

Chiefs in Dedza have called for the removal of tax on soap saying Malawians in rural areas cannot afford the item due to its high price. Senior Chief Kachindamoto of Dedza has asked government through… ...