Legislators sitting on government side on Tuesday afternoon broke into jubilation after beating the opposition on a vote to decrease a budgetary allocation to the struggling education ministry. Ministre of Finance Goodall Gondwe had proposed to cut the budget by K500 million from K113.8 billion to K113.7 billion. Gondwe said the ministry does not need […]
Malawi Parliament on Tuesday morning deferred a budgetary vote for Malawi Defence Force (MDF) as opposition took to task Finance Minister Goodall Gondwe over some aspects of the increased budget. Opposition members of parliament took turns during the morning session to quiz Gondwe but he reluctantly answered the queries. He told the inquisitive parliamentarians that […]
Opposition Members of Parliament on Monday took government to task to explain to the house and the nation some changes in the budget specifically the increased figures to the Office of the President and Cabinet (OPC) which has been increased from K6,595,724,601 to K9,720,345,944 and forced the deferment of the revised budget for State Residences […]
Parliamentary Committee on Budget and Finance Chair Rhino Chiphiko has expressed worry over the underperformance of national budget half way it’s financial which they say it continues to make the life of average citizen unbearable. Chiphiko made the remarks in his response to the mid-year budget statement made by minister of finance and economic planning Goodall Gondwe […]
People’s Party (PP) spokesperson on finance Ralph Jooma has accused the Democratic Progressive Party (DPP0 government of selective implementation of the austerity measures, saying the strongman Minister of Foreign Affairs and International Cooperation George Chaponda is busy globetrotting despite the travel ban. Jooma was speaking in Parliament on Monday in his response to the Mid-Term […]
Opposition Malawi Congress Party (MCP) has called the Malawi economy as ‘ouroboros’ which is suffering from Leprosy disease that demand an immediate intervention. In his response to the 2015-2016 mid-term budget review, MCP spokesperson on financial issues, Alexander Mandaliza Kusamba Dzonzi of Dowa West said the current state of affairs in as far as economy […]
Opposition political parties in Parliament remains sceptical of the measures which government plans to put in place to effect the revised budget. In his mid-year budget statement presented to Parliament on Friday, Minister of Finance, Economic Planning and Development Goodall Gondwe announced a downward revision of the budget by K23.7 billion cut. The 2015/16 approved […]
Nobody should underestimate the economic crisis facing Malawi; Finance Minister Goodall Gondwe has admitted in parliament that the country is still passing through “turbulent times.” Gondwe said when he tabled his mid-term budget review statement, announcing a reduction of a financial plan by K23.7 billion from an approved figure of K929.7 billion to K906.0 billion “Our […]
Cash- strapped Malawi government has warned it will from this month effect withholding of money to its departments and ministries whose heads failed to submit returning reports to ministry of Finance by February 14. In a statement, the ministry of Finance says departmental heads were sensitized on this in December trough meetings and memos. The […]
Finance minister Goodall Gondwe says government is not surprised with the European Union (EU) stance not to resume budgetary support to Malawi national budget, saying this was expected. In an interview, Gondwe said the EU has pulled out its budgetary support from all African countries except Mozambique. “This is their new policy so they should […]
European Union (EU), one of Malawi’s largest donors, has ruled reinstating budgetary support any time sooner even the country meets the IMF extended credit facility. A senior EU official from Brussels who is in the country said Friday, Malawi has a lot to do to ensure that donor money is not looted as was the […]
There is still a lack of trust in Malawi government financial systems following the cashgate affair which started in 2005, Britain’s Department for International Development (DfID) director in Malawi, Jen Marshall, has said. She said with the lack of trust, donors including Britain are using off-budget support which she said, does not use government financial […]
For the past 20 years, MCP might have been viewed as an anachronistic outfit that has miserably failed to wrestle back the reins of power it lost in 1994 on account of the fact that the populace then simply got tired of it after 31 good years. But one must now accept that the new […]
Minister of Finance, Economic Planning and Development Goodall Gondwe has apologised to civil servants after salary delays left them without their wages. Affected with the delay include judiciary staff, teachers, nurses, prison wardens, and a range of other civil servants. “I must apologise for the delay,” said Gondwe in parliament after being pressured by opposition […]
Malawi’s former President Joyce Banda has expressed pessimism that the DPP administration would successfully run the country on a zero-aid budget considering that the national budget is largely dependent on donor aid to the tune of 40 percent. Members of Parliament on Thursday passed the 2015/16 national budget presented in the August House by Minister […]
Malawi’s parliament passed a 2015/16 National Budget to the tune of K930 billion (US$2.1 billion) on Thursday despite fears that the opposition will derail the approving the appropriation bill. The budget was passed unanimously and quickly as government jubiliaated after fears that the opposition would delay the budget’s passage as a strategy to force the Speaker […]
The Minister of Finance, Economic Planning and Development, Goodall Gondwe, has said government is still discussing with potential donors for the construction of Mombera University in Mzimba. Gondwe said this after he was questioned on the K200 million allocations for the university in the budget. First to raise the matter was Malawi Congress Party (MCP) […]
Malawi Congress Party (MCP) member of parliament for Lilongwe North, Patricia Mkanda has accused the ruling Democratic Progressive Party (DPP) of acting in desperation and advancing a political budget as the House has since p approved a K5.4 billion (US$12 million) allocation to State Residences amid resistance on two activities of construction of two banquet […]