Tag Archives: Malawi’s 2026/27 Fiscal Plan

Business, Malawi

Malawi Parliament passes MK10.9 trillion 2026/27 Fiscal plan with key sectors priority

MaraviPost

LILONGWE-(MaraviPost)-Malawi Parliament has approved the 2026/27 National Budget, authorising a total of MK10.978 trillion in government expenditure following weeks of detailed scrutiny, debate and vote-by-vote consideration of allocations.

The approval came after the Committee of Supply process, during which Members of Parliament examined and adopted spending plans for ministries, departments and agencies, paving the way for implementation in the new fiscal year.

The budget places strong emphasis on key sectors of the economy, with agriculture receiving MK971.3 billion to support food security and agricultural productivity.

The Ministry of Health and Sanitation has been allocated MK558.07 billion to improve healthcare service delivery, while the Ministry of Education will receive MK316.6 billion to strengthen the education system.

Infrastructure development remains a major focus, with MK447.1 billion allocated to the Roads Fund Administration for road construction, maintenance and rehabilitation projects aimed at improving connectivity across the country.

Security institutions including Malawi Defence Force and Malawi Police Service, have also secured significant funding to support national security and public safety.

Oversight bodies includong Anti-Corruption Bureau (ACB) and National Assembly have been allocated resources to enhance accountability and governance.

The 2026/27 budget builds on the 2025/26 National Budget, which was implemented amid economic challenges, including high inflation and constrained revenues.

That fiscal plan prioritised economic recovery, social protection and support to key sectors but also faced implementation pressures linked to revenue shortfalls and rising expenditure demands.

With the new budget now approved, attention shifts to implementation as government seeks to translate the allocations into improved public services, economic stability and development outcomes.

Business

MEJN laments missing youth voices in Malawi’s budget formulation

Maravi Post Reporter

By Watipaso Mzungu

LILONGWE-(MaraviPost)-The Malawi Economic Justice Network (MEJN) has lamented the missing voices of young people in the formulation of national budgets despite being the majority of the population.

MEJN Programs Manager Cecilia Phiri warned that, if not addressed, this will have negative implications in the implementation of the budgets.

She made the sentiments during a Youth Economic Town Hall Meeting, which MEJN convened in conjunction with Oxfam Malawi, and other partners.

The meeting was aimed aimed at promoting economic awareness and strengthen youth participation in economic governance and policy dialogue.

Phiri emphasized the need for the government to involve the youth in budget formulation, stressing that their ideas are critical to the development aspirations of the nation.

“The youth have ideas that can develop the nation, but what is lacking is resources. The government should consider youth engagement in national development and provide them with resources to implement their ideas,” she said.

According to Phiri, the youth are eager to contribute to the country’s economic growth, but their voices are not being heard.

The town hall meeting brought together university students, youth organizations, and civic activists to discuss key economic issues, including public debt, public finance management, corruption, and economic inclusion.

A representative of the students from the Lilongwe University of Agriculture and Natural Resources (LUANAR), Lekani Juwa, echoed Phiri’s sentiments, adding that the future of Malawi is largely dependent on the youth, and their perspectives on the economy are therefore crucial for driving growth.

“The government should engage the youth in public discussions and involve them in decision-making processes,” said Lekani.

MEJN is organizing a series of youth-focused town hall meetings across major cities to provide an interactive platform for young people to discuss economic issues and promote wider public engagement on Malawi’s economic governance.

Phiri has since urged the government to take note of the youth’s concerns and involve them in the budget formulation process.

“The youth are the future of Malawi, and their voices should be heard,” she said.

Human Rights, Malawi

Youths demand child-sensitive 2026/27 Fiscal Plan

Maravi Post Author

By Watipaso Mzungu

LILONGWE-(MaraviPost)-Forty children drawn from Balaka, Dowa, Mchinji, Mwanza and Ntchisi on Saturday gathered in Malawi’s capital, Lilongwe, to provide their inputs and recommendations in the formulation of the forthcoming 2025-2026 National Budget.

The event, organized by Save the Children and partners, which include NGOCCR, Malawi Economic Justice Network, World Vision, Girls Empowerment Network, SOS Children’s Village aimed to amplify the voices of the country’s most vulnerable citizens.

Chairperson of the National Children’s Alliance, Hateem Hassan, emphasized the need for increased funding in agriculture to address food insecurity, lamenting that hunger is one of the major factors leading children to drop out of school.

“If they allocate more money to agriculture, there will be more benefits. Our parents will afford food, and we’ll have more exports, balancing our economy,” said Hateem.

During the plenary, the children highlighted pressing issues in education, including overcrowding in classrooms, limited resources, and high absenteeism rates.

According to the children, one book is shared among dozens of students preparing for national examinations in some schools.

“This not fair to the students. It’s like the nation is preparing them to fail exams,” said Holiness, a child representative from Ntchisi.

Save the Children’s Program Development and Quality Director, Burcu Munyas Ghadially, concurred, stressing the importance of child-sensitive budgeting.

Ghadially said investing in children is investing in Malawi’s future workforce.

“We must prioritize their health, nutrition, education, and protection to achieve Vision 2063,” she said, adding that the event showcased Malawi’s commitment to inclusive governance, with children actively contributing to budget discussions.

“It’s not just a nice thing to do; it’s an economically sensible investment in Malawi’s future,” emphasized Ghadially.

Deputy Budget Director in the Ministry of Finance, Levison Chirwa, acknowledged the children’s concerns, assuring government’s commitment to formulate child-sensitive national budgeting.

Chirwa also emphasizing the need for effective resource utilization.

“We will ensure allocated funds reach the intended beneficiaries,” he said.

Business

Malawi Government to introduce inheritance tax above MK20 million

MaraviPost

BLANTYRE-(MaraviPost)-Malawi Government will introduce an inheritance tax, a tax that will apply to wealth people receive from someone who has died. This includes money, land, houses, and other valuable property.

Under this proposal, if a parent, relative, or benefactor dies and leaves you an inheritance, government will tax part of that inheritance.

The Minister of Finance Joseph Mwanamvekha however disclosed that the tax will not apply to everyone.

The tax will only apply to inheritances above K20 million will be taxed.

“Anything below MK20 million will be exempt and will not attract any inheritance tax,”

For inheritances that exceed the threshold, government intends to charge an inheritance tax rate of 30 percent, applied only to the amount above K20 million.

Inheritance tax is not common worldwide, but it exists in a few countries, including the United Kingdom, France, Japan, and South Africa.

Finance Minister Mwanamvekha is on nationalwide budget consultation session this week for 2026/25 Fiscal Plan.