Minister of Finance, Economic Planning and Development Goodall Gondwe has trashed opposition Malawi Congress Party (MCP) which labelled the proposed 2015/16 National Budget as an illegal document because it violates the provisions of the Public Finance Management Act and not backed by any current economic and fiscal policy. MCP spokesman of finance, Dowa West MP […]
Minister of Finance, Economic Planning and Development Goodall Gondwe has raised the proposed 2015/16 National Budget from K901.6 billion to K930 billion (US$2.1 billion) to meet increasing demands in the education sector and the Judiciary. According to the changes, the Ministry of Education will have an extra K5 billion, public universities will have additional K3 […]
Malawi Finance, Economic Planning and Development Minister Goodall Gondwe is working under duress, claimed opposition people’s Party (PP) Member of Parliament for Rumphi East, Kamlepo Kalua in Parliament. Kalua based his claims on how allocations in the 2015/2016 have been made, saying it was surprising that while budgetary allocations to government ministries and departments were trimmed, State Residences […]
Opposition members of Parliament have vowed to block the passage of this year’s budget until a forensic audit report on the K92 billion (US$206.7 million) Cashgate which was reportedly mismanaged during the first Democratic Progressive Party (DPP) administration is table and debated in Parliament. K92 billion went missing over the eight years of the presidency […]
Malawi Congress Party (MCP) has accused the ruling Democratic Progressive Party (DPP) for keeping the gap between the rich and the poor widening. MCP’s Divelias Zaipa MP for Mchinji South Constituency told parliament during his contribution to the 2015/16 budget statement that the proposed financial which Minister of Finance Goodall Gondwe presented in Parliament on May 22, has nothing […]
Malawi Congress Party (MCP) Member of Parliament (MP) for Dedza East, Juliana Lunguzi had no kind words for the Peter Mutharika administration when she critiqued the proposed 2015/16 National Budget, saying the financial plan has failed the litmus test. Lunguzi told the House that the litmus test for the Budget was to pass s a […]
Chairperson of the Budget Committee of Parliament, Ron Chiphiko has argued that Malawi economy is ailing and not on recovery, backing accusations made by leader of opposition Lazarus Chakwera against the Peter Mutharika government over “deception” on economy, that the Kwacha currency appreciation is being manipulated. Chiphiko told parliament his Committee is of the view that […]
Former economic planning minister Ralph Jooma has said radical changes are needed to revive Malawi’s economy, which is in bad shape and requires a fresh approach. The Mangochi-Monkebay parliamentarian for People’s Party (PP) told parliament that his party has “serious reservations” with the assumptions that are underpinning the 2015/16 national budget currently under debate in […]
Cash-strapped Malawi government has cut the funding to the state spy agency – National Intelligence Bureau (NB) – in the month of May and that the bureau may not receive finances in this month. According to a circular from acting director of administration and finance at NIB to all directors, regional officers and spy sectroal […]
The new tax on internet data traffic and phone text messages (SMS has come under fire from Members of Parliament who have said it’s retrogressive during their debates on the 2015/16 national budget in the capital Lilongwe. Finance Minister Goodall Gondwe announced the new tax measure in his budget statement. Karonga South MP Malani Mtonga ( Peoples Party) said […]
Karonga South MP Malani Mtonga ( Peoples Party) has expressed concern on the decision by government to chop up budgets that have anything to do with holding the government to account. In spite of a promise to properly fund transparency and accountability bodies that ensure democratic values are upheld, she Office of the Ombudsman, constitutionally mandated […]
Malawi Congress Party (MCP) parliamentary spokesman on finance, Dowa West MP Alexander Dzonzi, on Monday went on a loose cannon mood when he critiqued the proposed 2015/16 National Budget, saying the financial plan is out of sync with the country’s economic realities. Dzonzi said the DPP-led government is either utterly clueless or has no intention […]
Minister of Finance, Economic Planning and Development Goodall Gondwe has been asked to come clear on when government will raise the salary on civil servants with Mangochi Monkey Bay MP and People’s Party (PP) spokesperson on finance in Parliament, Ralph Jooma saying the minister has not been “transparent enough.” Gondwe presented to Parliament for deliberation […]
Malawi opposition have labelled the proposed 2015/16 National Budget presented by Finance Minister Goodall Gondwe as an illegal document because it violates the provisions of the Public Finance Management Act and not backed by any current economic and fiscal policy. Malawi Congress Party (MCP) spokesman of finance, Dowa West MP Alexander Kusamba Dzonzi and Mangochi […]
Malawi government is being pressed to scrap a planned tax on internet data traffic and and phone text messages (SMS). The opposition and Civil Society Organisations (CSOs) asked government to drop its plans, warning that increasing the cost of web usage would be retrogressive for the developing nation. Minister of Information Kondwani Nankhumwa has also reportedly cautioned Finance Minister Goodall […]
In my recent article published by Nyasa Times I pointed out that according to the Minister of Finance tax revenues will grow by mere 2% in 2015/2016 from K581billion in 2014/2015 to K592billion in 2015/2016. This is likely to be the lowest growth of tax revenue since 1964 when Malawi became an independent nation. In […]
Malawi government risks being declared bankrupt if it goes on to grant civil servants salary increase as the country’s public service salaries and wages are set to slide over the internationally recognised standard cut-off point of eight percent of gross domestic product (GDP), experts have warned. The Civil Servants Trade Union (CSTU) has given the […]
Parliament as well as the nation is now considering and digesting the 2015/2016 national budget amounting to K901 billion which was presented to Parliament on Friday 22nd May 2015 by the Minister of Finance Goodall Gondwe. Already various comments and observations have started pouring in from various stakeholders which will no doubt assist members of […]