Malawi Muslims Official Website
No Result
View All Result
  • Login
  • Home
  • Religion
  • Business
  • Health
  • Education
  • Entertainment
  • Politics
  • Sports
  • World
Contact Us
  • Home
  • Religion
  • Business
  • Health
  • Education
  • Entertainment
  • Politics
  • Sports
  • World
No Result
View All Result
Malawi Muslims Official Website
No Result
View All Result
  • Home
  • Religion
  • Business
  • Health
  • Education
  • Entertainment
  • Politics
  • Sports
  • World
Home Economy
Finance Minister Presents Budget: Education Ministry Gets Lion’s Share

Finance Minister Presents Budget: Education Ministry Gets Lion’s Share

Bright Malenga by Bright Malenga
3 years ago
in Economy
Reading Time: 1 min read
A A
0
0
SHARES
29
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Minister of Finance , Felix Mlusu has today presented a K2.190 Trillion 2020-2021 National Budget in which the Ministry of Education has been allocated K384.5 Billion representing 31 percent of the total National Budget.

RELATED POSTS

Malawi Open for Business- Chakwera

Kawale Opens Mzuzu Tobacco Auction Floors

Matola Addresses Green Finance Conference

Among others, Ministries such as Agriculture, Health, Transport and Energy have received K354 Billion, K204 Billion, K150 Billion and K57.8 Billion respectively.

Mlusu says the Tonse Alliance Government has come up with a budget that will help inclusive development of the country.

He announced that Tax free band has been increased from K 45,000 to K 100,000 to improve lives of Malawians.

“Government realizes the need to increase disposable income for salaried employees and enhance their purchasing power,”

“In this regard, Government has increased the Pay As You Earn (PAYE) zero bracket from K45,000.00 per month to K100,000 per month,” he says.

ADVERTISEMENT

According to Mlusu, government is aware that this adjustment is huge and to minimize its impact on the base for Personal Income Tax, the 15 percent middle bracket under the PAYE regime has been removed.

The Finance Minister has also announced the adjustment of Constituency Development Fund (CDF) from K30,0000,000 to K40,000,000 to allow constituency development to flourish.

ShareTweetSend

Related Posts

Malawi Open for Business- Chakwera
Economy

Malawi Open for Business- Chakwera

by Bright Malenga
May 23, 2023
0
0

Malawi president , Dr. Lazarus Chakwera says the country is ready to accommodate investors despite the economic effects caused by...

Read more

Kawale Opens Mzuzu Tobacco Auction Floors

Matola Addresses Green Finance Conference

Malawi- Mozambique Discuss Energy, Mining in Maputo

Let’s Believe In Our Capabilities – Matola Tells African Countries

Chakwera Off to Zimbabwe

Next Post
CSO Pens Govt on Stranded Malawians in China

13 Covid -19 recoveries at Mponela Rural Hospital

Police Boss “George Kainja” Dates Mangochi Police

Police Boss "George Kainja" Dates Mangochi Police

  • Organisation Drills Borehole in Balaka District: Urges Organisations to Develop Rural Areas

    Organisation Drills Borehole in Balaka District: Urges Organisations to Develop Rural Areas

    0 shares
    Share 0 Tweet 0
  • Seek Knowledge Regardless of Age – Muslims Advised

    0 shares
    Share 0 Tweet 0
  • Fuel Prices Go Up in Malawi

    0 shares
    Share 0 Tweet 0
  • LMJ Medicals for State-of-the-art Hospital

    0 shares
    Share 0 Tweet 0
  • Police warn Malawians against sending money to unknown Facebook friends

    0 shares
    Share 0 Tweet 0
  • Trending
  • Comments
  • Latest
Organisation Drills Borehole in Balaka District: Urges Organisations to Develop Rural Areas

Organisation Drills Borehole in Balaka District: Urges Organisations to Develop Rural Areas

July 28, 2022
Seek Knowledge Regardless of Age – Muslims Advised

Seek Knowledge Regardless of Age – Muslims Advised

May 11, 2022
Fuel Prices Go Up in Malawi

Fuel Prices Go Up in Malawi

March 8, 2021

LMJ Medicals for State-of-the-art Hospital

December 6, 2015

Malawian Muslims Chased at Asian Muslims Milad–un-Nabee Feast

78

Supreme Council of Ulama Says Eid Adha Tuesday

28

Fatima Rajab the Guardian Angel, Abandoned for Refusing to Denounce Islam

24

MACRA BANS RADIO ISLAM PROGRAM

20
Malawian Shines at Public Speaking Contest  in Saudi Arabia

Malawian Shines at Public Speaking Contest in Saudi Arabia

June 1, 2023
Mnangagwa’s  Visit Excites Chakwera

Mnangagwa’s Visit Excites Chakwera

May 31, 2023
Mia Commissions Solar-Powered Water Supply Systems

Mia Commissions Solar-Powered Water Supply Systems

May 30, 2023
MUST benefits from Illovo  ICT equipment donation

MUST benefits from Illovo ICT equipment donation

May 30, 2023

Connect

Recent News

Malawian Shines at Public Speaking Contest  in Saudi Arabia

Malawian Shines at Public Speaking Contest in Saudi Arabia

June 1, 2023
Mnangagwa’s  Visit Excites Chakwera

Mnangagwa’s Visit Excites Chakwera

May 31, 2023
Mia Commissions Solar-Powered Water Supply Systems

Mia Commissions Solar-Powered Water Supply Systems

May 30, 2023

Faith Podcast

Islamic Finance

Ramadhan

Akudziwanji Za Chisilamu

Swalah 101

Categories

  • Analysis
  • Business
  • Column
  • Crime and Society
  • Culture
  • Economy
  • Education
  • Entertainment
  • Featured
  • General
  • Health
  • International
  • Opinion
  • Politics
  • Religion
  • Sports
  • Travel

News in Pictures

Amir Jakhura
Amir Jakhura Addressing the Journalists
Some of the beneficiaries

© 2022 Malawi Muslims Official Website -Website by Freelance Web Solutions.

No Result
View All Result
  • Home
  • Religion
  • Business
  • Health
  • Education
  • Entertainment
  • Politics
  • Sports
  • World

© 2022 Malawi Muslims Official Website -Website by Freelance Web Solutions.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version