Published: July 4, 2009
Budget to fight water borne diseases -Kandodo |
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The Minster of Finance Ken Kandodo has assured Malawians that government will strive to rehabilitate both Blantyre and Lilongwe Water Boards in a bid to contain water borne diseases. Kandodo was speaking on Friday at Parliament when he presented the 2009-2010 financial year. He said government was aware that the water utility sector needs to [...]
Published: July 4, 2009
Local Government polls, pension scheme miss out in 2009/10 budget as parastatals marked for reform |
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The 2009/10 fiscal budget for Malawi has not included the much awaited local government elections and the pension scheme which government promised to implement. Malawi has not had councilors and Mayors since 2001 local elections but government had assured that the polls would take place next year. Electoral Commission chairwoman, Justice Anastasia Msosa recently also [...]
Published: July 3, 2009
Kandondo unveils K257 billion Malawi budget |
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Finance Minister Ken Kandodo on Friday made his maiden budget speech when he presented a K257 billion Budget for 2009/10 fiscal year pointing out that the economy will grow 7.9 percent while inflation will stand at an average 9.7 percent. Presenting the Budget in the national budge, Kandodo told lawmakers:“Despite the global economic downturn, we [...]
Published: July 2, 2009
LEG urges legislatures to ensure education gets 20% of total budget |
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Link for Education Governance (LEG) has appealed to members of parliament to allocate at least 20% of the total national budget to education. LEG made the appeal to the legislatures in a media statement made available to Nyasa Times reminding them that Malawi signed a commitment under Education for All (EFA) Goals to allocate at [...]
Published: June 30, 2009
Parliament passes six loan bills |
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Parliament on Monday passed six loan authorization bills presented by Finance Minister Ken Kandodo. The House approved the Bill which Finance Minister presented requiring government to get a credit in form of a MK980 million loan from Opec Fund for International Development for rehabilitation of Kamuzu International Airport in the capital. Parliament also approved a [...]
Published: June 25, 2009
Parliament allows Finance Minister to spend |
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National Assembly has approved the request from Minister of Finance, Ken Kandodo to use K75 billion until the next national budget is approved. The Finance Minister who is expected to present his maiden budget asked Parliament on Thursday when he moved a motion requesting the House to authorise government expenditure for three months in absence [...]
Published: June 24, 2009
Money multiplying saga haunts Malawi Finance Minister |
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All eyes are set on the Malawi’s newly appointed Minister of Finance, Ken Kandodo who is set to present the national budget in parliament under the cloud of a past where he was involved in “money multiplying” scandal. Nyasa Times has stumbled on information that the country’s purse-keeper was booted out of Blantyre Print and [...]
Published: June 23, 2009
Mutharika opens Budget meeting, assures no abuse of DPP majority |
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President Bingu wa Muthalika has called upon Malawians to agree to work together for common good of the country and put aside their political differences Muthalika made the call in his one hour and thirty minutes State of the Nation address at the new State House in Lilongwe when he opened the budget session of [...]
Published: June 23, 2009
Bingu says subsidised fertiliser will continue |
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President Bingu wa Mutharika said in the State of the Nation address in parliament on Tuesday that the budget will cover the subsidised fertiliser and other farm inputs to again produce humber harvest. Mutharika who doubles as agriculture and food security minister, said the subsidy programme has prove to be a success with this year [...]
Published: June 22, 2009
Editorial: May budget deliberations begin in earnest |
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Parliament in Malawi is tasked with legislative powers and the Government with executive. The key participants in the budgetary process are Parliament, the Government, precisely the Ministry of Finance, the spending agencies of the national budget, the taxpayers and the National Auditing Office. The budget is arguably the government’s most important policy tool. As a [...]
