Consumer and human rights activist, John Kapito has hailed government for removing Value Added Tax (VAT) on milk and an upward adjustment of the minimum wage which are some of the changes made on tax regime under the 2017/18 national budget. In this year’s budget currently being scrutinized by Parliamentarians through cluster system, government has […]
Parliamentarians will on Tuesday go into clusters as they start debating the K1.3 trillion national budget. Finance minister Goodall Gondwe presented the mixed bag budget on Friday. This means the 193 strong House would now go through the budget with the help of government officials before they return in the chamber in two weeks for […]
The Leader of Opposition in Parliament and Malawi Congress Party president Lazarus Chakwera has described the 2017/18 National Budget unveiled Friday in Lilongwe as too ambitious. Chakwera said he was pleased that the Minister of Economic Planning and Development Goodall Gondwe has taken into account suggestions and ideas the opposition proposed during the mid year […]
Minister of Finance, Economic Planning and Development Goodall Gondwe has admitted there are serious problems in the way the country handles its fiscal systems, and has warned that this can frustrate efforts to revive the economy. Gondwe made the observation on Friday when he presented a K1.1 trillion 2017/2018 National Budget at National Assembly in the […]
Finance, Economic Planning and Development minister Goodall Gondwe has hit on employees receiving monthly salary from K3 million above by imposing a top rate 35% Pay as you Earn (PAYE) while easing the pressure for those who earn less by increasing the tax bracket from K20,000 to K30,000 per month. Presenting this year’s budget statement in […]
President Peter Mutharika has opened the 2017/18 budget session of parliament in Lilongwe and immediately acknowledged the US$80 million World Bank budgetary support is vote of confidence in his administration. This is the first time budget support financing approved by the World Bank for Malawi in four years. In his one and half hour state […]
Finally there is a relief for President Peter Mutharika’s administration as the World Bank Board of Executive Directors has approved an $80 million (K58.7 billion at current exchange rate) credit to the Malawi Government for general budget support. This is the first budget support financing approved by the World Bank for Malawi in four years after donors […]
The Budget session of Parliament will start this Friday and the Business Committee has set agenda of the meeting with five bills to be deliberated. Leader of the House, Kondwani Nankhumwa, said the five bills are carried over from the mid-term budget meeting and they include Constitutional Amendment Bill, Public Audit Bill, Political Parties Bill […]
Finance minister Goodall Gondwe was on Thursday under pressure from a cross section of Malawians to remove tax on milk which has pushed milk prices up, threatening the health of Malawians and the economy. Gondwe was meeting a cross section of Malawians and other stakeholders in Lilongwe in pre-budget meetings. The issue was raised by […]
Finance, Economic Planning and Development Minister Goodall Gondwe will start pre-budget consultations with representatives of various sectors in preparation for the 2017-18 financial year scheduled to start on 1st July, 2017. Gondwe will be hearing suggestions on inclusive growth, investment in infrastructure sector with the first session to be held from 3 -7 April 2017 at […]
Finance, Economic Planning and Development Minister Goodall Gondwe has said government has no money to increase the drub budget for the public hospitals as the district health offices have exhausted their budget and some are accessing medical supplies on credit from the Central Medical Stores Trust (CMST). There are three months before the hospitals can get fresh budget […]
Finance minister Goodall Gondwe is refusing to bow down to increasing pressure to fund the Lilonngwe south east constituency, saying there is literally no money at present. In an interview on Thursday, Gondwe said the rerun had not been factored in in the budget. “May be we will have to look for it now but […]
Malawi government face accusations of crippling the critical governance bodies by reducing and not increasing budget allocations to Anti Corruption Bureau (ACB) and constitutional organisation Malawi Human Rights Commission (MHRC) in the mid-term budget review. Despite widespread reports of human rights abuses being handled by MHRC and the recently added responsibility of being the oversight […]
Malawi Congress Party (MCP) parliamentarians on Tuesday took to task Minister of Finance, Economic Planning and Development Goodall Gondwe over the increased K112million allocation of funding to the Greenbelt Authority (GBA) which is not yet legally instituted. Government announced GBA as a stand-alone public agency which will be the official agent for the construction […]
The budget allocation for State Residences has been increased from K5.3 billion to K5.9 billion but allocation to the Office of the Vice President have been cut from K5.04 billion to K4.8 billion, according to the 2016/17 national budget review. Malawi government needs to win back the confidence of donors, who are withholding 40% of […]
Finance, Economic Planning and Development Minister Gondwe insists that the economy is on a firm path to recovery this year. The country’s purse keeper said the remarks in his winding up speech of 2016/17 Mid-year Budget Review Report in Parliament. Gondwe said government is “cautiously optimistic” that an economic recovery could emerge this year. According […]
Finance, Economic Planning and Developement minister Goodall Gondwe has clarified that the European Union (EU) did not make any pledges resume direct budgetary support to the country. Gondwe told Parliament last Friday that government expects additional budgetary support from the EU. But the Finance Minister has now said EU had not confirmed it will release budgetary support. […]
Malawi Congress Party (MCP) president Lazarus Chakwera, who is also Leader of Opposition in Parliament, has said the government led by Democratic Progressive Party (DPP) is still not trustworthy for donors to pump money. Chakwera was reacting to revised budget announced by Minister of Finance, Economic Planning and Development Goodall Gondwe when he trimmed the 2016/17 […]