President Joyce Banda and her vice Khumbo Kachali to take 30% salary cut


Malawi President Joyce Banda and Vice President Khumbo Kachali on Friday voluntarily cut down their salaries by 30 percent as part of their sacrifice to the current austerity measures.

“In support of the austerity measures, the president and the vice president have voluntarily decided to reduce their monthly salaries by 30% with immediate effect,” Vice President Khumbo Kachali said, launching a fresh economic recovery programme.

The president earns on average $5 000 per month, but will now take home around $3 500. The vice president earns $4 000, and will take home $2 800.

Since coming to power in April, Banda has embarked on a series of reforms designed to fix Malawi’s battered economy, which has been hit by fuel shortages and dwindling foreign currency reserves.

She has won the support of international donors through an economic strategy to help stabilise the weak agriculture-powered economy where half of the 14 million population live on less than a dollar a day.

Donors, who back-stop 40% of the development budget, have been pressuring Malawi to cut expenditure, including local and international travel.

Banda has been criticised locally for picking a 40-member delegation to the United Nations general assembly where her cash-strapped government will spend more than $1m on travel and other expenses.

International worries about the previous government’s policies and
authoritarian tendencies led donors, including former colonial power
Britain as well as the United States, to cut off aid last year

(Visited 20 times, 1 visits today)


Please enter your comment!
Please enter your name here

Share post:

Featured Video

click to play


More like this

Police Officer Caught Having S3x With A Female Cop, Angry Wife Seriously Damages Car

A high-ranking Joburg officer, a JMPD superintendent, was allegedly...

The Zodiac Signs When Fluttering in Love

Aries Vibration for Aries is a very stimulating feeling,...

Two Female Police Officers Burnt To Death, Two Others Shot Dead By Gunmen

Four policemen were killed on Friday night when criminals...

Teenage Girl Commits Suicide After Parents Disapproved Her Relationship

An 18-year-old girl has committed suicide in Chiradzulu after...