Association of Early Childhood Development (AECDM) has bemoaned 2013/14 Government’s K84 million allocation to Early Childhood Development (ECD) programmes which he said is a ‘mockery’ to the whole child development. The association’s director, Charles Gwengwe said the allocation is a reduction from the 2012/13 K120 million provision which is not in line with the National […]
“In Weekend Nation newspaper, award winning columnist Ephraim Munthali of the ‘Cut the chaff’ has taken a critical approach on President Joyce Banda’s state opening address of Parliament which she announced the establishment of a Mudzi Trust Fund . Here is the full article as it appeared: Now that the contours of the K638.2 billion 2013/14 national budget […]
Balaka South MP, George Nnesa has told parliament that Malawi should find itself a way of weaning from donor flows which are significant in the budget up to 40 percent. In his contribution to the budget statement presented by Minister of Finance Ken Lipenga, upfront Nnesa said Malawi needs to find ways of getting away […]
The Centre for Social Concern (CfSC) , a Malawian research organization, has described the tax incentives extended by Finance Minister Ken Lipenga to various sectors of the economy in the 2013/14 national budget as unnecessary, saying tax incentives have proven not be effective in encouraging investors. Instead, CfSC says the tax breaks have left fiscal […]
Another strike is looming in Malawi’s civil service following dissatisfaction over how government has handled the civil servant’s salary increase in the 2013/2014 budget. The Civil Servants Trade Union (CSTU) on Friday was forced to organise an impromptu meeting with its members at Capital Hill where the workers expressed concerns that there were not happy with the […]
The World Bank Board of Executive Directors Tuesday approved a US$50 million grant (about K16 billion) to the Malawi Government for budget support. World Bank says this is the first in a programmatic series of three economic recovery development policy operations (ERDPO). The focus of the series is to strengthen macroeconomic and finance management and […]
Main opposition Malawi Congress Party (MCP) on Monday tore apart the 2013/14 National Budget, describing it as lacking hope for Malawians and a “lifeless document”. In its response to the budget Finance Minister Ken Lipenga presented in Parliament last Friday, MCP said Lipenga presented a budget that has political rhetoric other than a financial plan. MCP […]
Opposition Democratic Progressive Party (DPP) president Peter Mutharika has charged that the 2013 national budget by the Joyce Banda administration’s will not respond to the needs of Malawians. Mutharika made the criticism on Sunday at Chankhanga school ground, in Malawi’s central region tobacco growing district of Kasungu where he held a mass rally. He was […]
Malawi’s former Finance Minister, Friday Jumbe and former Central Bank governor Victor Mbewe have described as “vain” a key statement made by the Finance Minister Ken Lipenga during the presentation of 2013/14 budget in parliament on Friday, saying it failed to highlight, clarify and summarize issues contained in the main financial plan. The two renowned economists speaking on ‘Contemporary Issues’ […]
As a faithful tax payer of this Malawi nation, I take this simple opportunity honorable minister to congratulate you on the successful presentation of the national budget for 2013/14 to the tune of MK604.4 billion from 460.9 billion in the 2012/13 budget. It was a nicely crafted speech displaying your total control of the pulse […]
President of the opposition Democratic Progressive Party (DPP) Peter Mutharika says he is very disappointed with government’s lack of reference to centers of higher learning and Nsanje inland port in the 2013/14 national budget which finance minister Ken Lipenga presented in parliament on Friday. In his preliminary reaction to the budget statement, Mutharika said he was […]
One of the country’s renowned economists and human rights campaigner, Mavuto Bamusi, has described the 2013/2014 K603 billion national budget which was presented in Parliament on Friday by Finance Minister Ken Lipenga as a “a risky budget.” During interviews monitored on local radio, Bamusi said: “It is a political budget, a risky budget as it has given away […]
The opposition Democratic Progressive Party (DPP) has described the 2013/14 budget presented in Parliament on Friday as uninspiring as it will only stimulate the country’s ever-dependence on donors. Malawi’s Minister of Finance, Ken Lipenga, on Friday presented the 2013/14 budget statement, which has relaxed some taxes, saying the financial plan will continue with measures that […]
Malawi’s Finance Minister Dr Ken Lipenga has estimated that the potential rate of the 2013 domestic economy growth is going to rebound to 5.0 percent up from 1.8 percent in 2012 with expenditure pegged at K479.1 billion by the end of the financial year compared to K475.8 billion revised at Mid-Year. Mechanically, growth would be […]
Malawi’s Minister of Finance, Ken Lipenga, on Friday presented the long awaited President Joyce Banda’s second national budget with a declaration that government will continue with its harsh reforms it undertook last year. Lipenga stood with confidence in front of MPs in the Houses of Parliament saying the “key objective” of the government is to “restore macro-economic […]
Malawi’s Minister of Finance, Ken Lipenga, on Friday presented the 2013/14 budget statement to Parliament on in the capital Lilongwe, saying the the financial plan will continue with measures that will heal and recover the country’s economy. He told Parliament that the government of President Joyce Banda will continue to take “painful medication” as signs […]
Malawi’s Minister of Finance Ken Lipenga will present his 2013/14 budget statement to parliament on Friday an annual budget likely to stick firmly to Joyce Banda government’s austerity drive as the country’s economy continue to heal. Speaker of Parliament Henry Chimunthu Banda said the government’s purse keeper will present the budget on Friday afternoon. “After the business committee […]
Malawi Government needs to critically check its uncontrolled expenditures if the appreciation of the kwacha against its major currencies, mainly the United States Dollar, is to be sustained so that it does not fall again quickly. Over the last few days, the Malawi Kwacha has appreciated against the US dollar trading at around K380 on […]