Minibus Owners Association of Malawi (Moam) has reacted angrily to decision by the Malawi government to remove taxes on importation of large buses saying it is a recipe for disaster especially to minibus business. Moam Secretary General Coxley Kamange told Nyasa Times soon after Finance Minister Dr. Ken Lipenga finished reading this year’s budget presentation in […]
Leader of the Opposition John Tembo and the donor community on Friday showered praise on the 2012/13 national budget Finance Minister Ken Lipenga presented to Parliament in the capital Lilongwe. But former ruling Democratic Progressive Party (DPP) trashed the “recovery budget saying it’s in not designed to be pro-impoverished Malawians. Speaking in separate interviews outside the new […]
Malawi will see its economy grow by 4.3 percent this year in its recovery programme, Finance Minister Ken Lipenga told parliament in the capital Lilongwe on Friday. The economy is expected to accelerate to 5.7 percent next year, Lipenga said in a budget speech. Lipenga said government has set out economic reforms including liberalizing Malawi’s foreign […]
Education activist Limbani Nsapato says the national budget presented by Finance Minister Ken Lipenga in Parliament on Friday has given education sector a lion’s share but noted that the devil is in details. Lipenga told Parliament that Education, Science and Technology Sector’s allocation has grown to K74.7 billion representing 22 percent of the total Budget. T […]
Mr. Speaker, Sir, I beg to move that the Estimates on Recurrent and Development Accounts for the 2012/13 Budget be referred to the Committee of the Whole House, be considered Vote by Vote, and that thereafter, be adopted. INTRODUCTION Mr. Speaker, Sir, I am honoured to stand here as part of history to deliver the first Budget […]
Malawi’s Finance Minister Ken Lipenga on Friday heralded a national budget for 2012 and 2013 as one designed to address these challenges and put the economy onto a path of sustained recovery. Delivering the budget statement in Parliament in the capital Lilongwe, Lipenga told the House that he tabled “ an austerity Budget”. He said: “ […]
Malawi’s Finance Minister Ken Lipenga is scheduled to present the long awaited 2012/2013 national budget this Friday, June 8, Speaker of the National Assembly Henry Chimunthu Banda announced Wednesday. The Speaker said Lipenga will present the budget- eagerly awaited by Malawians to see new economic policies and reforms of President Joyce Banda- from 2.00pm. Chimunthu […]
In her maiden State of the Nation Address on 18th May 2012 President Joyce Banda, stated that as a first priority, her government is going to “launch a national austerity drive” by cutting government expenditure through a number of on-going measures. This is a very interesting policy that needs to be analyzed thoroughly as it can unlock a great potential that has been lacking in the Malawieconomy since the dawn of multiparty democracy. […]
The Malawi Economic Justice Network (MEJN) wants government to develop and implement a pro-poor budget that should accommodate public views and urged the public sector to be transparent and accountable during the implementing stage of the national budget. Mejn regional coordinator for the South, Mike Melvin Banda, speaking in Mwanza said a recent study conducted by his organisation revealed that […]
David Loga, Director of Finance at the Malawi Revenue Authority, is a long time friend of mine who is an intelligent chap, so intelligent that it is totally unfair for the system of our government to make him look like an idiot. For how else would a chartered accountant be regarded if, contrary to International […]
Malawi President Joyce Banda, in an effort to resuscitate the country’s rotten economy and overcome people’s poverty, has sketched out a number of austerity measures aimed at cutting back unnecessary government expenditure. The President also declared that there will be no honey moon for his ministers, government top officials and statutory corporation executives most of […]
Malawian President Joyce Banda told Parliament in the capital Lilongwe on Friday that the country needed at least one year for its economy to recuperate. The President was opening the 2012/2013 National Budget session and also delivered her first State of the Nation Address. In her two-hour plus moving speech, President Banda said her five-week […]
Malawi Revenue Authority (MRA), which has denied borrowing from commercial banks to spruce up revenues, has said the country’s central bank-Reserve Bank of Malawi (RBM)-also has to answer how huge sums of money from commercial banks’ liquidity reserves found their way into a government account. Reports surrounding the tax collection institution so far indicate that […]
As part of the continued pre-budgetary consultation, The Forum for New Direction (FOND) appeals to government to consider the following areas in the 2012/2013 Budget. CUSHIONING THE POOR FOLLOWING THE DEVALUATION Following the Kwacha devaluation, FOND appeals for drastic measures the government must take to protect the vulnerable. Among these FOND appeals for budgetary support/means […]
An architect of the flopped Zero Deficit Budget is responsible for all the squabbles that Malawi Revenue Authority (MRA) has found itself in after it borrowed funds from the commercial banks to garnish the tax revenue figures, an expert has said. MRA is now smeared with a stinking plan that wouldn’t have been uncovered to […]
The Indigenous Business Association of Malawi (IBAM)has urged President Joyce Banda government to remove some infamous taxes which were effected to support the failed zero deficit budget by the previous government. This comes as Finance Minister Ken Lipenga is expected to present 2012/13 budget to parliament, which will be officially opened this Friday, May 18, 2012 by […]
Malawi President Joyce Banda has adopted the proposal of Finance Minister Ken Lipenga to establish an independent investigation on revelations that the country’s tax collector had illegal loans to commercial banks to give the impression that the Zero Deficit Budget was on track. Lipenga admitted that Malawi Revenue Authority (MRA) borrowed up to K30 billion […]
The remarks made by Dr. Andrew Mwaba – the AfDB Resident Representative – at the opening of the Bi-Annual 2012 Common Approach to Budget Support (CABS) Review at Sunbird Capital Hotel in Lilongwe on May 8, 2012 cannot go without comment. Before doing that it is in order to acknowledge support rendered by the CABS […]