Pegged at K1.7 trillion, Minister of Finance, Economic Planning and Development Joseph Mwanamvekha on Monday September 9 2019 presented the first budget of the second-term of President Peter Mutharika administration up from K1.4 trillion from last year, seeking to sustain economic stability while bolstering growth rate. Mwanamveka announced salary increases for junior civil servants by […]
Joseph Mwanamvekha has delivered his first Budget as Minister of Finance, Economic Planning and Development. The 2019/2020 budget is pegged at K1.7 trillion up from K1.4 trillion in the 2018/2019 budget. These are the key points of what he has said. K101 billion to the health sector – K10.9 billion for drug procurement in central […]
Minister of Finance, Economic Planning and Development Joseph Mwanamvekha on Monday presented a 2019/20 budget in Lilongwe which many have described as an “inspiring” fiscal plan as he projected that Gross Domestic Product (GDP) will expand by 5% in 2019 and by 7% in 2020. The budget, which several economic experts had swiftly welcomed as […]
Hearing of the landmark presidential election result challenge case was on Monday adjourned after a half-day proceedings as the panel of five judges and some lawyers are set to attend the budget meeting opening at Parliament building in Lilongwe. Lead judge Healey Potani adjourned the case after making compliments to the new furniture which the […]
President Peter Mutharika has announced that he has set-aside K8 billion for youth loans in the 2019-2020 budget. Minister of Finance, Economic Planning and Development Joseph Mwanamvekha tables his maiden fiscal plan in Parliament in Lilongwe Monday after noon. But on Sunday during a whistle-stop meeting at Ngabu Trading Centre, Mutharika saidthat the money is […]
Finance, Economic Planning and Development Minister Joseph Mwanamvekha will table the 2019/20 National Budget on Monday at Parliament in Lilongwe, promising that one of his main focus in the financial plan will be to sustain economic gains that the economy recently achieved, giving credit to the leadership of President Peter Mutharika. Mwanamvekha is carrying a […]
Minister of Finance, Economic Planning and Development Joseph Mwanamvekha has said the the Bretton Woods institution has agreed with government to have a roadmap for the budgetary support for the 2019/20 National Budget. Mwanamvekha, who is scheduled to present his 2019/20 budget statement to Parliament next Monday, said after World Bank country director for Malawi, Tanzania, Burundi […]
The National Assembly has announced that the new cohort of members of Parliament (MPs) will have their second deliberations in the august House for one month for a national budget session starting September 9 to October 11 2019. The members of parliament are expected to debate the 2019/20 National Budget which Minister of Finance, Economic […]
Youth and Society (YAS), a local youthful organization has demanded the inclusion of 10 percent business quota and reserve a minimum of 10 percent of all its businesses for young entrepreneurs in the 2019-2020 national budget. In an interview with Nyasa Times, YAS Executive Director Charles Kajoloweka said the demands are driven from the national […]
The Minister of Finance, Economic Planning and Development, Joseph Mwanamvekha says he expects the 2019/20 national budget to be presented in parliament in September to be pro-poor and one which promotes domestic and foreign direct investors in the country. Mwanamvekha was speaking in Blantyre on Friday during the last leg of the pre-budget consultative meetings […]
An accountants body has asked the government to remove value added tax on essential goods and services to increase income disposal for the majority poor. Institute for Chartered Accountants of Malawi (Icam) said this on Friday in Blantyre during pre-budget consultative meeting in the commercial city. Minister of Finance, Economic Planning and Development Joseph Mwanamvekha […]
Minister of Finance and Economic Planning Joseph Mwanamvekha says he expects the 2019-2020 budget to be presented in parliament when this Setember to be pro-poor and pro growth as economists and stakeholders have asked government to cut value added tax (VAT) on bread and utilities such as piped water and electricity. Speaking during the close […]
Minister of Finance, Economic Planning and Development Jospeh Mwanamvekha will embark on national budget consultations with stakeholders ahead of his first financial plan. This year, with the election of a President, members of Parliament (MPs) and councillors held on May 21, government was compelled to ask Parliament to pass a provisional budget expected to run until […]
Parliament on Friday passed a four-month K511.3 billion provisional budget presented b new Minister of Finance, Economic Planning and Development Joseph Mwanamvekha which forms part of the 2019/2020 national budget amidst concerns that there is more borrowing both on domestic and foreign debts. Member of Palrliament for Lilongwe Msozi North Sosten Gwengwe, who is also Malawi […]
The new Minister of Finance, Economic Planning and Development Joseph Mwanamvekha has said the exchange rate is expected to average K750 to the dollar and that government will reduce domestic borrowing from 4.1 percent of GDP to 0.3 percent between July and October 2019. Mwanamvekha said this when he tabled the K511.3 billion provisional budget […]
Minister of Finance, Economic Planning and Development Joseph Mwanamvekha has presented a K511.3 billion provisional budget in Parliament which allows Treasury to tap funds from consolidated account to carry on government services from 1st July to 31st October, 2019. Total revenue and grants are estimated at K410 billion, according to the budget. Mwanamvekha, an economist […]
Minister of Finance, Economic Planning and Development Joseph Mwanamvekha will present the provisional budget in Parliament this Friday seeking approval for government to use K511,269,522,794 billion from July 1 to October 31 this year. A notice of upcoming business showed that Mwanamveka will seek will approval from the House to authorise the withdrawal from the […]
Economic experts have warned the government against taking advantage of the dire situation to abuse the provisional budget parliament is set to approve when the newly elected legislators meet next week. President of the Economists Association of Malawi (Ecama) president Chiku Kalilombe said the government should factor in emergency and important votes in the provisional […]