Power blackouts forces Malawi tax body to under collect revenue
Major revenue collectors, the Malawi Revenue Authority (MRA) say they have grossly under collected by K200bn in the last quarter due to persistent power black outs that has severely affected the manufacturing sector, the biggest tax pot.
MRA Commissioner General Thom Malata told the Budget and Public Accounts cluster parliamentary committee that the target for the last quarter stood at K923bn but managed to collect K704bn only.
“Companies are failing to make money due to the persistent power black outs. The under collection should be around five per cent,” said Malata.
He said the most affected industry due to the power black outs is the manufacturing sector.
“We collect a lot from the manufacturing sector,” he said Malata.
The World Bank also said on Tuesday the persistent black outs are harming the economy.
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Persistent blackouts are harming the Malawi economy big time. Can we stop playing politics with “energy” for once! Energy is the economy’s driving force. The economy is nose-diving under our full-view watch. Politics of deception and laissez-faire leadership are leading us nowhere, economically. We cannot run the nation’s economy productively on diesel-run generators. Our leaders, lend us your ears for once please, we need a lasting solution to persistent blackouts. The nation is spending most of its time “literally sleeping”, how does it develop? Malawi has a great potential to develop. Our leaders, in decision-making positions, love your nation. Malawi… Read more »
yet they are saying zinthu zikuyenda bwino ku malawi. kutiputsitsa ndi ma Genset. kukweza magetsi in the name of genset. my malawi wake up
Mind you if you are saying the true you will be kicked out