U-Turn On Free Tax for Low Income Earners

U-Turn On Free Tax for Low Income Earners

The Tonse Alliance led administration has reversed its decision to effect the increment of tax free band for low income earners from MK45, 000 to Mk100, 000. In his Provisional Budget for the period of four months in Parliament recently, Minister of Finance Felix Mlusu said the new tax measure was with immediate effect from […]

Opposition MPs In Full Support Of Provisional Budget

Opposition MPs In Full Support Of Provisional Budget

By Esnath Kalawe, Mana Opposition Members of parliament through their Leader, Kondwani Nankhumwa have supported and acknowledged to provide checks and balances on the provisional Budget presented by the Minister of Finance. The Provisional budget forms part of 2020/21 national budget has major highlights in wages and salaries including domestic borrowing among others. Nankhumwa said […]

Universal Fertilizer Subsidy Targets 3.5 Million Smallholder Farmers

Universal Fertilizer Subsidy Targets 3.5 Million Smallholder Farmers

By Manasse Nyirenda Lilongwe, June 30, Mana: New Minister of Finance, Felix Mlusu has announced that 3.5 million smallholder farmers will benefit from the new government subsidized fertilizer programme in the 2020 to 2021 financial year. He made the announcement when he presented a provisional budget totaling K722.4billion which parliament subsequently adopted to fund government […]