Month: March 2022 Posts

Budget and Finance Committee wants Govt to reduce PAYE bracket

Mar 10, 2022 Mike Kalumbi 0 &

The Parliamentary Cluster committee on Budget and Finance has asked the Ministry of Finance to consider reducing the Pay As You Earn  (PAYE) bracket in order to accommodate civil servants, arguing that most of them… ...

Tonse troubles: UK cuts Malawi aid by half

Sep 29, 2021 Lindiwe Sambalikagwa 0 &

The United Kingdom (UK) has reduced by over half the amount of aid which it provides to Malawi. UK gives Malawi £52 million (about K57 billion) per annum but the amount has now been cut… ...

Cooking Oil manufacturing companies to retrench workers

Mar 25, 2021 Andrew Cane Chilapondwa 0 &

Edible Cooking Oil Association of Malawi (ECOAM) has announced that cooking oil companies will start retrenching workers due to the financial loss arising from government's decision to uphold a 16.5% Value Added Tax (VAT) on… ...

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… ...

Covid-19 enumerators complain over pay

Oct 08, 2020 Cyrus Bengo 0 &

Enumerators hired by Ministry of Finance to conduct survey on Covid-19 Urban Cash Intervention (CUCI) have complained that they have not been paid their money. The project is funded by Deutsche Gasellschaft fur International GIZ.… ...

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… ...