Minister of Finance, Economic Planning and Development Goodall Gondwe is wrongly and unfairly accused by some civil society organisations (CSOs) pushing for his resignation over the controversial K4 billion to legislators, Secretary to Treasury Ben Botolo has told stakeholders during pre-Budget consultations in Mzuzu. CSO leaders are demanding President Peter Mutharika to fire Gondwe and […]
The reaction of the leader of opposition and Malawi Congress Party (MCP) president Lazarus Chakwera on the recent infamous K4 billion scandal USF dubious funding to constituencies has been described as an act of hypocrisy and betrayal to the national cause. In his closing remarks to the sitting of Mid-term Budget review of Parliament on […]
The Executive, through the Minister of Local Government and Rural Development, Kondwani Nankhumwa, announced in Parliament that each of the 193 constituencies in Malawi will receive K20.7 million for chitukuko (development projects). The total disbursement is K4 billion. The announcement followed calls—previously—made by mostly opposition Members of Parliament (MPs) that the Minister of Finance Goodall […]
The much-touted modern military hospital at the Malawi Defence Force (MDF) headquarters, Kamuzu Barracks in Lilongwe continues to remain a pipe dream as Finance Minister Goodall Gondwe said government is having negotiations before including the project in the next budget. President Peter Mutharika is on record saying the construction of the military will start this […]
Finance, Economic Planning and Development Minister, Goodall Gondwe, on Thursday conceded that the controversial K4 billion allocated to parliamentary constituencies was not budgeted for but it is “a legitimate experiment” at new funding modalities for local councils. Gondwe said truth be told that the money was not budgeted for in 2017/18 budget but while reviewing […]
The opposition People’s Party (PP) leader in Parliament Ralph Mhone has criticised government for an unbudgeted expenditure of K5 billion on wages for the Malawi Police Service (MPS) and Malawi Defence Force (MDF), which is also expected exert pressure on the budget. The decision to overspend on the two security institutions was disclosed in the […]
Malawi Congress Party (MCP) has said the government’s move for a K45.2 billion bailout to State produce trader Agricultural Development and Marketing Corporation (Admarc) is an illegal spending because government did not seek approval from Parliament. Last year, Treasury released money to repay debts Admarc owed three local banks after the State produce trader failed […]
Minister of Finance, Economic Planning and Development Goodall Gondwe’s Mid-term Budget Review Statement faced scrutiny from Parliamentary Budget and Finance Committee which has called it mere wish list as the country’s fiscal position is under pressure from a weakening domestic revenue collection and high interest rates on Admarc loans. Gondwe announced a downward adjustment of the […]
Malawi Congress Party (MCP) has told Minister of Finance, Economic Planning and Development Goodall Gondwe to stop giving false promises to people, rubbishing the Mid-Year Budget Review as a a load of false hopes. Making his formal response to the statement, MCP spokesperson on Finance Alexander Kusamba Dzonzi said it had more grey areas in […]
Malawi’s fiscal outlook dominated headlines in the local media with newspaper columnists and analysts adding their voices to the Mid-Year Budget Statement which Finance, Economic Planning and Development Minister Goodall Gondwe presented to Parliament on Friday, with calls to cut wasteful government spending and not burden the poor. Economic commentator and newspaper columnist Ephraim Munthali […]
Finance, Economic Planning and Development Minister Goodall Gondwe on Friday announced that government has made unprecedented cut to the national budget for K30 billion from the K1.3 trillion 2017/18 National Budget amid falling revenue and a retreating donor community. Gondwe told Parliament that the “needed adjustments” have been made in response to the obstacles that the […]
Malawi government is “determined” to steer the country out of a group of poorest countries in the world within the medium term, Minister of Finance, Economic Planning and Development Goodall Gondwe has said . Gondwe said in Parliament on Friday when he presented a mid-term budget statement. He attached weight to The International Monetary Fund (IMF) […]
Finister of Finance, Economic Planning and Development Goodall Gondwe has scoffed at the opposition and civil society organisations who criticise the Government for being so indebted. The opposition argue that the country’s borrowing has reached a critical stage as the debts have gone beyond the fiscal policy. Currently, Malawi is reported to have K2.4 trillion debts […]
Despite steady economic forecasts the mid year budget review confirms that the Malawi country’s economy is stressed with the looming shortage of food and Finance Minister Goodall Gondwe has indicated that he will propose some budget cuts when he presents the 2017/18 Mid-Year Budget Statement next week Friday. Minister of Agriculture, Irrigation and Water Development Joseph […]
In a rare display of civilized and mature politics, Leader of the Government Business in Parliament, Kondwani Nankhumwa, on Friday, June 30, 2017 heaped huge praise on the Leader of Opposition in Parliament and all opposition leaders and parties “for their unflinching support during the budget session and adoption of the K1.3 trillion 2017/2018 national […]
Malawi’s parliament passed the 2017/18 national budget worth K1.3 trillion on Thursday after Minister of Finance, Economic Planning and Development Goodall Gondwe was bulldozed to accept a 66 percent increase in the Constituency Development Fund (CDF) from K18 million to K30 million. This means that the National Local Government Finance Committee (NLGFC) has been allocated […]
Malawi Parliament on Monday approved the State Residences allocation of K6.6 billion in the national budget despite opposition protests of some additional funds. Finance, Economic Planning and Development Minister Goodall Gondwe was queried by members of parliament on the increase of K48 million towards medical expenses and supplies from K38 million to K84 million. “Are you saying […]
Finance, Economic Planning and Development Minister Goodall Gondwe has asked parliament to approve an extra k6billion to enable the Ministry of Education, Science and Technology recruit primary school teachers. The minister made the request before parliament went into committee of supply through which various monetary allocations to various ministries and departments are scrutinised before approval. […]