Accountant General Cryton Chimombo has said the government already bought the K5 billion the new integrated financial management and information system (Ifmis) although Minister of Finance, Economic Planning and Development Goodall Gondwe has budgeted for it in the 2018/19 fiscal plan. Chimombo surprised the Budget and Public Accounts parliamentary cluster committee when he said that […]
Parliament’s influential public money tracker, the Budget and Public Accounts cluster committee has cast doubt that the K5 billion new version of Ifmis software would stop the continued loot of public money at Capital Hill. The cluster vice chairman John Chikalimba said even after the alarming loot of K30 billion, theft of the public money […]
Major revenue collectors, the Malawi Revenue Authority (MRA) say they have grossly under collected by K200bn in the last quarter due to persistent power black outs that has severely affected the manufacturing sector, the biggest tax pot. MRA Commissioner General Thom Malata told the Budget and Public Accounts cluster parliamentary committee that the target for […]
Parliamentary Agriculture and Natural Resources Cluster committee has told the government to reduce the staggering K41bn for Farm Input Subsidy (Fido), saying the increase of the beneficiaries is due to political reasons. The chairman of the cluster committee Joseph Chidanti Malunga said the government should be reducing the number of beneficiaries and the budget as […]
Parliament’s Budget and Public Accounts cluster committee has said it wants to summon Finance minister Goodall Gondwe to explain low funding levels at the National Audit Office despite acting as a watchdog to public funds. Vice chairman of the committee John Chikalimba said it was worrisome that the government has given the office a budget […]
Treasury has released K2.8 billion out of the controversial K4 billion development fund to members of parliament. Treasury spokesman Davis Sado has confirmed that the K2.8 billion has now been released to the ministry of Local Government and Rural Development. “The rest of the money would be disbursed after an evaluation on how the K2.8 […]
Members of Parliament are now scrutinizing the 2018/2019 Budget Statement through cluster format and improve provisions in government’s proposed economic blueprint. In the past, MPs have come under fire for hurriedly passing the budget without informed analysis or scrutiny of allocations as outlined in all budget documents. The proposed budget has received mixed reactions from […]
A renowned governance commentator Makhumbo Munthali has described Malawi government’s decision to reallocate the controversial K4 Billion ‘miracle’ money fund to Area Development Committees –unlike the Constituencies- and proposing an increase of the fund to K6 billion in the 2018/19 National Budget before all issues pertaining the funds as raised by Civil Society Organisations (CSOs) […]
Government has bowed down to the Judiciary support staff pay hike to accommodate house allowances. Judiciary support staff union spokesperson Andy Hariwa has said the government has awarded the support staff a 27 per cent salary increase. “This now puts us at par with the other civil servants and in conformity with the law,” said […]
Officials from pollster, the Malawi Electoral Commission (MEC) are this week expected to meet a parliamentary cluster just days after Finance minister Goodall Gondwe announced that the organisation will get K31.5bn (about 42.5 million U.S. dollars) out of the budgeted K42bn for the 2019 polls. MEC chair Jane Ansah said this was the first that […]
Malawi’s leading daily newspaper, The Nation, has backed civil society organisations (CSO) for querying the Democratic Progressive Party (DPP)- led government for targeting the youth on an appeasement drive belatedly, just to win votes of in next year’s elections. In outlining the 2018/19 National Budget framework in Parliament on Friday, Finance Minister Goodall Gondwe said […]
Malawi Chambers of Commerce and Industry (MCCI) chief executive officer Chancellor Kaferapanjira has described 2018/19 financial blueprint which has been pegged at K1.5 trillion as a financial plan that will not translate into any gains for poor Malawians. In an interview, Kaferapanjira said the budget is the emptiest finance minister Goodall Gondwe has ever presented […]
Spokesperson of finance for the Malawi Congress Party (MCP) Kusamba Dzonzi has described Finance Minister Goodall Gondwe‘s Budget as “a mish-mash of recycled announcements” that will not translate into any gains for poor Malawian. He said Malawi needed a people’s budget rather than one with random promises. Dzonzi said the 2018/19 financial blueprint which has been pegged […]
Malawi’s Minister of Finance, Economic Planning and Development Goodall Gondwe has presented an annual budget that is reflective of the recovering economy. While maintaining the objective to sustain and deepen economic growth, the budget has ensured the gains of the economic recovery trickle down to the grassroots. Government has therefore come up with a budget […]
Minister of Finance, Economic Planning and Development Goodall Gondwe has presented to Parliament the fifth and final budget of the government pegged at K1.504 trillion that represents 28.2 percent of the country’s gross development product (GDP) and unpacked projects and subsequent expenditure programmes clearly aimed at boosting chances for President Peter Mutharika’s ruling Democratic Progressive Party (DPP) […]
Minister of Finance, Economic Planning and Development, Goodall Gondwe Friday presented a K 1,504 billion budget at Parliament in Lilongwe. The 2018/19 budget is the fifth and last budget for the House to consider which the Minister said has been designed in the context of international, regional and domestic economic developments. “The underpinnings of this […]
The Budget session of Parliament will commence on Friday May 4, Speaker of the National Assembly Richard Msowoya has announced. In event on Thursday, the Speaker said the meeting will run up to Friday 29th June. “All cabinet ministers, deputy ministers and honourable members of parliament are summoned to attend the meeting at the time […]
The controversial K4 billion initially earmarked for development in 86 constituencies and was agreed by Parliament to be shared to all 193, has not been disbursed and that it awaits Malawi Revenue Authority (MRA) to collect enough money through taxes to finance the quick grant projects, eMinister of Finance, Economic Planning and Development Goodall Gondwe has clarified. […]