Opposition Malawi Congress Party (MCP) Member of Parliament for Dedza East, Juliana Lunguzi, has demanded a halt to a proposed tax on internet use, saying. this move will make Malawians unable to access internet services and therefore be denied their right to information. Finance, Economic Planning and Development Minister Goodall Gondwe announced that starting this […]
The 2015/16 National Budget which Finance Minister Goodall Gondwe presented in Parliament on Friday, largely with local resources, has widely been viewed as a bitter pill to swallow mostly for the impoverished Malawians other than the well –off citizens. Malawi leading newspapers said in their editorial comments on Saturday that the financial plan was not […]
Minister of Finance Economic Planning and Development, Goodall Gondwe on Friday told the National Assembly that government would increase salaries for junior public servants from December this year. Speaking when presenting the 2015/16 national budget, Gondwe said this would be one of the main features of the national budget and is going to push up the wage […]
Youth Development and Sports Minister Grace Obama Chiumia has hailed the Malawi government for increasing funding towards her ministry in the 2015-16 national budget. The Malawi government has allocated K5.9 Billion to the Ministry and this was revealed on Friday 22nd May, 2015 the Finance Minister Goodall Gondwe presented the budget at the national assembly. […]
Malawi Finance, Economic Planning and Development Minister Goodall Gondwe on Friday said the 2015/16 budget which has no budgetary support from donors will be financed by local resources and announced new tax measures including a 10 percent excise duty to be levied on phone text messaging and all data transfers, including internet and similar services. […]
Economists and opposition spokespersons on finance on Friday reacted to a 2015/16 budget statement delivered by Finance, Economic Planning and Development Minister Goodall Gondwe in parliament, saying the financial plan in “hopeless” and “not so inspiring”. The opposition Malawi Congress Party (MCP) spokesman on finance Joseph Njobvuyalema said in an interview after budget presentation that […]
Malawi Police will receive motor vehicles donated by the Chinese government in the form of commodity aid, Finance Minister Goodall Gondwe told parliament on Friday. The country is grappling with increased cases of armed robberies and recently official from the Embassy of the People’s Republic of China s warned that Chinese investors may decide to […]
Malawi Finance Minister Goodall Gondwe unveiled Friday the 2015/16 financial plan which he said has no budgetary support but projected the economy to grow by 7 percent, saying inflation will decline to 16.4 percent and that interest rates will fall. Until 2014/15 budget when donors withdrew aid, donors contributed up to 40% of Malawi annual budget. […]
A leading newspaper in Malawi has said government is hard to trust in its editorial commenting on reports about the government refunding K70 million to the World Bank and the Bretton Woods institution has said it will not resume budget support to Malawi anytime soon. The Weekend Nation quoted World Bank communications officer, Zeria Banda, […]
People’s Party (PP) leader in Parliament Uladi Mussa has said government is not only implementing a zero-aid financial plan but a “zero-development” budget. Malawi’s major donors are withholding budget support for Malawi worth $150 million (over K60 billion) following the massive public funds abuse at Capital Hill popularly known as cashgate dating back from 2005. […]
Minister of Finance, Economic Planning and Development Goodall Gondwe has said Malawi will continue with the hurting zero-aid budgetconcert whilst waiting for aid resumption. Malawi has been operating without budget support since October 2013 when donors started withholding 40% of budgetary support following allegations of corruption and systematic looting of state resources by senior civil servants and […]
Malawi President Peter Mutharika has outlined measures to tackle the growing insecurity of business and ordinary Malawians, saying his government will adequately fund Malawi Police Service and ensure the recruitment of more cops. In his state of the nation address on opening of the 2015/16 budget meeting at Parliament on Tuesday, Mutharika said the number […]
Malawi’s parliament is expected to reconvene next week Tuesday for a budget session, its Speaker Richard Msowoya has said. The Minister of Finance, Goodall Gondwe, a former official at the International Monetary Fund, who is credited with helping fuel an economic boom during the early years of late Bingu wa Mutharika’s leadership, will present the […]
Malawi government has received a boost for its 2015/16 financial plan after the African Development Bank (AfDB) board of directors has approved a sector budget support grant worth $30 million (about K13.5 billion) to support basic social services of health and education. AfDB is among Malawi’s major development partners who suspended budget aid to Malawi […]
Malawian President Peter Mutharika has said his government is ready to run its financial plans without the budgetary support from donors in the next five years. Mutharika said government is determined to continue with zero-aid budget owing to current uncertainties around donor funding, confidently saying Malawi will in five years be able to run its […]
Malawi expects donors to to contribute about K40 billion towards the 2015/2016 financial plan, Finance Minister Goodall Gondwe has aid. The national budget is estimated to be at K900 billion. Malawi adopted a “zero-aid budget” for 2014/15, after donors suspended general budget support to government following unprecedented corruption scandal, known as “Cashgate”. But Malawi cannot […]
The Mid-term Budget Review Statement, presented by Minister of Finance, Economic Planning and Development Goodall Gondwe has been faulted by opposition People’s Party (PP) as lacking detail and “consumptive.” In his statement, Gondwe said government has under-spent by 1.5 percent of the total expenditure of the targeted K365.7 billion by mid-year. Gondwe also proposed a […]
Opposition Malawi Congress Party (MCP) and People’s Party (PP) have trashed the minister of finance’s mid-term statement presented in Parliament on Friday proposing a supplementary expenditure amounting to K32 billion( $64-million). In his statement, Gondwe said government has under-spent by 1.5 percent of the total expenditure of the targeted K365.7 billion by mid-year. The Finance […]