Tuesday, May 21, 2024

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Launch Of Chavez Lodge And Lounge In Dedza

Fri, 24 May 2024 20:00:00 UTC @ Chavez Lodge and Lounge - On 24 May 2023 there will be a Launch of Chavez Lodge and Lounge in Dedza formerly known as Motel Domwe. During The Launch, The Black Missionaries Band, Anthony Makondetsa, Moda Fumulan... More Info
Young Stunna Live In Malawi

Sat, 25 May 2024 18:00:00 UTC @ Money Men Club (Nancholi-Mpemba Road) - Beer Land Festival Brings Young Stunna all the from South Africa on 25th May 2024 in Blantyre at Moneymen Club.He will be setting the stage on fire, creating an unforgettable night of ... More Info

2024/2025 National Budget pegged at MK5.98 trillion

Minister of Finance Simplex Chithyola Banda has said that the fiscal year 2024/2025, total revenue is projected to reach 4.55 trillion Kwacha, with 3.38 trillion coming from domestic sources and 3.26 trillion Kwacha from tax revenue.

Additionally, grants are expected to contribute 1.17 trillion Kwacha.

Total expenditure is estimated at 5.98 trillion Kwacha, with 30 percent allocated to wages and salaries, amounting to 1.08 trillion Kwacha.

The budget reveals a deficit of 1.4 trillion Kwacha, of which 1.2 trillion is anticipated to be covered through domestic borrowing, while 150 billion Kwacha will be sourced externally.

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Robert Ngwira
Robert Ngwira
Attended Our Future Private Secondary School in Rumphi from 2006-2009 Holder of Diploma in Journalism from Malawi Institute of Journalism (MIJ) Hobbies, reading newspapers, going out with friends, listening to radio and watching football. Email: info@faceofmalawi.com

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