MRA struggles to raise money for Malawi govt, miss target by K1bn

Malawians should expect somehow poor services from government as major revenue collector, the Malawi Revenue Authority (MRA) has last month missed its target by K132 billion.

This means the government coffers will be short by that amount therefore Capital Hill will likely cut budgets of some ministries and government departments including health and education.

A statement from MRA says in March, two months before the end of the financial year, the government collected K42.8 billion instead of the projected K44.1 billion.

By March, the chief revenue collector says it has raised K416 billion out of the projected K600 billion.

Finance minister Goodall Gondwe cut the mid-year budget by close to K20 billion citing dwindling resources as the major reason.

The government even cut budgets of key ministries and government departments including that of police and police.