Finance Minister Joseph Mwanamveka has announced that the Presidential Initiative on Sports has been allocated K400 million up from K120 million. Mwanamveka said this when he presented his natonal budgte statement in Parliament on Friday for the 2020/21 financial year. He said President Peter Mutharika is committed to improving sporting standards in this country especially […]
Government has allocated K29 billion towards June 23 court-sanctioned Fresh Presidential Election. Presenting the 2020/21 National Budget in Lilongwe on Friday, Minister of Finance Economic Planning and Development Joseph Mwanamvekha said government will foot the budget on its owing to non-committal from the donors. “Madam Speaker, to show commitment to conduct the fresh presidential elections […]
The budget presented on Friday by Minister of Finance Economic Planning and Development Joseph Mwanamvekha promised to bring prosperity to farmers through a series of targeted interventions, from improved market access to access to credit and slashed the fertilizer prices from the current K22 000 per 50 kilogram bag to K5 000. Mwanamvekha also disclosed […]
Minister of Finance Economic Planning and Development Joseph Mwanamvekha on Friday morning presented the 2020/21 problematic National Budget with a backdrop of experiencing a dramatic 35 percent drop in revenue collection. The 2020/21 National Budget has been pegged at K2.2 trillion, which represents a 9 percent increase from the 1.84 trillion mid-year revised estimate in […]
Minister of Finance, Economic Planning and Development Joseph Mwanamvekha will present the the 2020/2021 national budget in Parliament this Friday, June 12. Mwanamvekha has hinted that the main focus of the country’s financial plan is to mitigate the impact of the novel coronavirus (Covid-19) pandemic while also speeding up economic recovery and building up resilience […]
President Peter Mutharika will deliver the State of the Nation Address at Parliament on Friday through a recorded audio in a bid to decongest the House. National Assembly has confirmed that President’s address to open the Budget Session and marks the state opening of a new session of parliament will be delivered remotely as his presences could traditionally […]
Speaker of Parliament Catherane Gotani Hara says the National Assembly will meet from June 5 to July 24 for budget session, bringing a sigh of relief over the electoral reform bills needed to hold the court sanctioned fresh presidential election. The Speaker has called for the meeting of parliament after consulting the State President Peter […]
The country’s final plan for 2020/2021 will be delayed as Parliament has postponed the budget meeting which was expected to start on May 8 due to the coronavirus threat but Treasury has instructed project coordinators and controlling officers in government ministries that workers in donor funded projects should continue working. Clerk of Parliament Fiona Kalemba […]
Parliament on Thursday authorised government to use a revised budget for the second half of the financial year which has been increased by K100 billion from the approved K1.7 trillion to K1.8 trillion. The Mid-Year Budget Review session of Parliament rises this Friday but the legislators ensured the increment was approved to ensure also votes […]
Malawi Congress Party (MCP) spokesperson on Finance in Parliament Cornelius Mwalwanda has accused the Democratic Progressive Party (DPP) administration of making “many empty promises” on new road projects, particularly in the Northern and Central Region. Mwalwanda said this Parliament when he gave an official response to the Mid-Term Budget Statement presented by Minister of Finance, […]
Malawi Congress Party (MCP) has asked the government to prioritise ending preventable deaths of Malawians and prioritise access to healthcare for mothers, new-born babies and children, noting that there is appalling state of hospitals in the country, at all levels as well as lack of medicine. MCP spokesperson on Finance in Parliament Cornelius Mwalwanda said this in […]
Minister of Finance, Economic Planning and Development Joseph Mwanamvekha says the government has already talked to donors to finance part of the K32.1 billion Constitutional Court sanctioned fresh presidential election. Speaking in parliament on Friday when he presented the K1.8 trillion expenditure mid year budget, Mwanamvekha said the donors have agreed to finance part of the […]
Minister of Finance, Economic Planning and Development Joseph Mwanamvekha will not present the Mid-Year Budget Review Statement this Friday as scheduled following Parliament decision to pave way for the Constitution Court judgement that nullififed the last May’s presidential elections and ordered fresh election within 150 days from February 2 2020. Mwanamvekha was expcted to table his […]
Malawi Parliament is scheduled to meet for the 2019 – 2020 financial year mid year budget review from Monday, February 10 to 28 2020 in the Parliament Chamber in Lilongwe. A statement from the office of the speaker says the three-week long meeting will be the Third in the current 48th Session of Parliament. “All […]
Malawi Parliament has called for a meeting of legislators from February 10 to 28, 2020 for mid-term budget review. A statement from the office of the Speaker says the three-week meeting will be the third in the current 48th session of parliament. Apart from reviewing the budget, the House will also deal with other businesses […]
Minister of Finance, Economic Planning and Development Joseph Mwanamvekha has said Treasury is excited that African Development Bank (AfDB) has confirmed the possibility of providing budgetary support to Malawi in this financial year. Mwanamvekha said the indication by International Monetary Fund (IMF) that the country’s economy is on track has injected a positive signal from […]
Youth Decide Campaign says Malawi’s 2019/2020 national budget, has already let down young people in the country on the implementation of the national youth manifesto because of what the consortium describes as “several misplaced priorities” including having meagre allocations to Ministry of Youth and Higher Education Students’ Loans Board. Team Leader for the campaign, Charles […]
Main opposition, the Malawi Congress Party (MCP) says parliament has passed the K1.7 trillion national budget at the expense of some public finance laws. Acting opposition leader Lobin Lowe said the MCP lacked the numerical numbers in the 193-strong House to reject the K1.6 billion budget for two stadia for privately run football clubs; Nyasa […]