The Malawian Ministry of Finance (Chichewa: Unduna wa Chuma), (Chitumbuka: Unduna wavya Chuma) is a Malawian ministry. The ministry is responsible for state finance, including taxation, the state budget, and economic policy in Malawi.
| Agency overview | |
|---|---|
| Formed | 1963 |
| Type | Executive Department |
| Jurisdiction | Government of Malawi |
| Headquarters | Lilongwe |
| Minister responsible | |
| Agency executive |
|
| Parent department | Government of Malawi |
| Key document | |
The current minister of finance is Sosten Gwengwe (Malawi Congress Party).[1] The department reports to the Parliament of Malawi.
History
editThe ministry of finance was established in 1963 during the colonial period of Malawi. The first Ministers of Finance was Henry Phillips from 1963 to 1964.[2]
Organization
editThe ministry is divided into the following sections:
- Financial Markets Department
- Tax Law Department
- Political staff
- Information Unit
- Asset Management Department
- Budget Department
- Tax Policy Department
- Economic Policy Department
- Department of Administrative Affairs
Subsidiaries
editThe following government agencies are subordinate to the ministry:
- The Government Pension Fund of Malawi
- National Insurance Scheme Fund
- Bank of Malawi
- Malawian Customs and Excise Authorities
- Malawian Financial Supervisory Authority
- Malawian Government Agency for Financial Management
- Malawian National Collection Agency
- Malawian Tax Administration
- Statistics Malawi
See also
editReferences
edit- ^ Ngwira, Robert (2014-02-14). "Get to know Sosten Gwengwe, JB's running mate". Face of Malawi. Retrieved 2024-04-06.
- ^ From Obscurity to Bright Dawn: How Nyasaland Became Malawi — An Insider’s Account, by Sir Henry Phillips. London: 1998. Radcliffe Press