Malawi Parliament Passes 2020/21 ‘Empty & Too Ambitious’ Budget

Malawi Parliament Passes 2020/21 ‘Empty & Too Ambitious’ Budget

Members of Parliament on Wednesday passed the 2020/21 National Budget pegged at MK 2.2 Trillion. Minister of Finance, Felix Mlusu Presented the budget statement in Parliament four weeks ago. The Consumers Association of Malawi (CAMA) Executive Director, John Kapito described the 2020/21 National Budget as ‘Empty and too ambitious’. Kapito said the budget has neglected […]

Bullets, Nomads Stadia Projects Not Priority- Govt

Bullets, Nomads Stadia Projects Not Priority- Govt

President Dr. Lazarus Chakwera’s Tonse Alliance administration says the Multi-billion Kwacha Nyasa Big Bullets and Mighty Be Forward Wanderers Stadia Projects not among top priorities. Minister of Finance, Felix Mlusu was responding to questions in Parliament from Democratic Progressive Party (DPP) law makers on why government has not allocated money for the projects. The Finance […]

Living The Promise? Finance Minister Mlusu Presents MK2.2 Trillion Budget

Living The Promise? Finance Minister Mlusu Presents MK2.2 Trillion Budget

By Sylvester Kumwenda and Lilly Kampani Lilongwe, September 11, Mana: Minister of Finance Felix Mlusu on Friday presented the 2020/ 2021 National budget estimated at K2.2 trillion, of which K1.179 trillion is of domestic revenue while K255.7 billion as total grants. He presented his first substantial budget that has been developed under the theme “Living […]

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 […]