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Local councils and foreign missions have migrated to the new Integrated Financial Management Information System (Ifmis) for reporting processes in compliance with the requirements of the Public Finance Management Act (2022). In a statement on Thursday, Secretary to Treasury MacDonald Mafuta Mwale explained that the migration to the new system resulted in funding delays in
Malawi Government has bowed down to public pressure and anger on the newly-introduced fixed duty on imported vehicles and has since called for a meeting with second-hand motor vehicle importers on Friday. Minister of Finance and Economic Affairs Sosten Gwengwe is scheduled to preside over the meeting at Capital Hill in Lilongwe to discuss the
Ministry of Finance and Economic Affairs says international carbon markets present a unique opportunity for Treasury to generate revenue to finance development programmes. Addressing delegates during the launch of the Malawi Carbon Initiative at Lilongwe Botanic Gardens in Lilongwe on Friday, Secretary to the Treasury McDonald Mafuta-Mwale said carbon credits present a unique opportunity for
Malawi Government has moved to strengthen enforcement of import and export regulations as part of a wider effort to promote accountability in the collection of taxes and boost revenue collection. Minister of Finance and Economic Affairs Sosten Gwengwe said yesterday at a press briefing held at Capital Hill in Lilongwe that government and its law