Ministry of Finance (Malawi)

Last updated
Ministry of Finance (Malawi)
Agency overview
Formed1963;61 years ago (1963)
Type Executive Department
Jurisdiction Government of Malawi
Headquarters Lilongwe
Minister responsible
Agency executive
  • Permanent Secretary
Parent department Government of Malawi
Key document

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.

Contents

The current minister of finance is Sosten Gwengwe (Malawi Congress Party). [1] The department reports to the Parliament of Malawi.

History

The 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

The ministry is divided into the following sections:

Subsidiaries

The following government agencies are subordinate to the ministry:

See also

Related Research Articles

<span class="mw-page-title-main">Treasurer of Australia</span> Australian government minister in charge of economic policy

The treasurerof Australia, also known as the Federaltreasurer or simply the treasurer, is the minister of state of the Commonwealth of Australia charged with overseeing government revenue collection, federal expenditure and economic policy as the head of the Department of the Treasury. The current treasurer is Jim Chalmers, who was selected by Prime Minister Anthony Albanese in May 2022 following the 2022 Australian federal election.

<span class="mw-page-title-main">Federal Ministry of Finance (Germany)</span> Federal ministry of the Federal Republic of Germany

The Federal Ministry of Finance, abbreviated BMF, is the cabinet-level finance ministry of Germany, with its seat at the Detlev-Rohwedder-Haus in Berlin and a secondary office in Bonn. The current Federal Minister of Finance is Christian Lindner (FDP).

<span class="mw-page-title-main">Maxwell Mkwezalamba</span>

Maxwell Mkwezalamba is a Malawian politician and economist. He is currently First Alternate Executive Director for Africa Group 1 Constituency, comprising 23 African countries, at the International Monetary Fund in Washington, DC, USA. Before this appointment, he briefly served as Minister of Finance for Malawi under former President Dr. Joyce Banda, before Cabinet was dissolved prior to the May 20, 2014 Tripartite Elections. Between May 2004 and April 2013, he served as Commissioner for Economic Affairs for the African Union in Addis Ababa, Ethiopia. When President Peter Mutharika ascended to power in June 2014, the Finance portfolio was given to Goodall Gondwe.

<span class="mw-page-title-main">Ministry of Economy and Finance (South Korea)</span> Government ministry in South Korea

The Ministry of Economy and Finance oversees the financial policies of the South Korean government. It publishes a monthly report on the national economy, known as the "Green Book." The current minister is Choi San-mok. The headquarters is in the Sejong Government Complex in Sejong City.

<span class="mw-page-title-main">Ministry of Finance (Netherlands)</span> Finance ministry in The Netherlands

The Ministry of Finance is the Dutch Ministry responsible for economic policy, monetary policy, fiscal policy, tax policy, incomes policy, financial regulation, the government budget and the financial market. The Ministry was created in 1798 as the Department of Finance of the Batavian Republic. It became the Ministry of Finance in 1876. The Minister of Finance is the head of the Ministry and a member of the Cabinet of the Netherlands. The current Minister is Steven van Weyenberg.

<span class="mw-page-title-main">Ministry of Finance (Sweden)</span> Ministry of the Swedish Government

The Ministry of Finance is a Swedish government ministry responsible for matters relating to economic policy, the central government budget, taxes, banking, security and insurance, international economic work, central, regional and local government.

<span class="mw-page-title-main">Ministry of Finance (India)</span> Finance ministry of India

The Ministry of Finance is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget.

<span class="mw-page-title-main">Ministry of Finance (Norway)</span> Norwegian ministry of state finance

The Royal Norwegian Ministry of Finance is a Norwegian ministry established in 1814. The ministry is responsible for state finance, including the state budget, taxation and economic policy in Norway. It is led by Trygve Slagsvold Vedum. The department must report to the Parliament of Norway.

<span class="mw-page-title-main">Ministry of Finance, Planning and Economic Development (Uganda)</span>

The Ministry of Finance, Planning and Economic Development (MoFPED) is a cabinet-level government ministry of Uganda. Its mandate is to formulate sound economic and fiscal policies, mobilize resources for the implementation of government programmes, disburse public resources as appropriated by Parliament, and account for their use in accordance with national laws and international best practices. The cabinet minister of finance is Matia Kasaija. MoFPED was created by the 1995 Constitution of Uganda and derives its power from the Constitution and related acts of parliament, including the 2001 Budget Act and the 2003 Public Finance and Accountability Act. The current Director of Economic Affairs in the Ministry of Finance, Planning and Economic Development of Uganda is Lawrence Kiiza.

<span class="mw-page-title-main">Ministry of Finance (Ukraine)</span> Ukrainian government ministry

The Ministry of Finance of Ukraine is the ministry of the Ukrainian government charged with developing and implementing national financial and budget policies, and with defining national policies in customs and taxation. The ministry is responsible for ensuring that the state has enough resources to perform its functions and that financial policies promote economic growth.

<span class="mw-page-title-main">Ministry of Economy and Finance (Italy)</span> Italian ministry for economy and finances

The Ministry of Economy and Finance, also known by the acronym MEF, is a ministry of the Italian government. Its responsibilities include overseeing economic policy, public investments and spending. The Ministry's headquarters are located in Rome's historic Palazzo delle Finanze. The current minister in the Meloni Cabinet is Giancarlo Giorgetti.

<span class="mw-page-title-main">Ministry of Finance (Malaysia)</span> National ministry of finance

The Ministry of Finance, abbreviated MOF, is a ministry of the Government of Malaysia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the Malaysian federal budget. The Ministry of Finance also oversees financial legislation and regulation. Each year in October, the Minister of Finance presents the Malaysian federal budget to the Parliament.

Capital Hill Cashgate Scandal or "Cashgate" is a financial scandal involving looting, theft and corruption that happened at Capital Hill, the seat of Government of Malawi. The scandal was uncovered during the administration of President Joyce Banda, though it is believed to have begun prior to her taking office.

<span class="mw-page-title-main">Ministry of Finance (Somalia)</span> Government agency

The Ministry of Finance, abbreviated MOF, is a ministry of the Government of Somalia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the federal budget. The Ministry of Finance also oversees financial legislation and regulation. Each year in October, the Minister of Finance presents the Somali federal budget to the Parliament.

<span class="mw-page-title-main">Sosten Gwengwe</span>

Sosten Gwengwe is a Malawian politician currently serving as Minister of Finance and Economic Affairs of the Republic of Malawi since January 30, 2022. He previously served as Minister of Trade from June 2020 until his appointment as Finance and Economic Affairs Minister.

<span class="mw-page-title-main">Ministry of Finance (Indonesia)</span> Indonesian ministry

The Ministry of Finance is an Indonesian government ministry responsible for the nation's finance and state assets. The finance minister is responsible to the President. The ministry's motto is Nagara Dana Rakça, which means "guardian of state finance".

<span class="mw-page-title-main">Ministry of Finance (Spain)</span> Spanish ministry of government

The Ministry of Finance or Ministry of Treasury (MH) is the department of the Government of Spain responsible for planning and carrying out the government policy on public finance and budget. It applies and manages the regional and local financing systems and the provision of information on the economic-financial activity of the different Public Administrations.

<span class="mw-page-title-main">Ministry of National Economy (Kazakhstan)</span> Kazakh government agency

The Ministry of National Economy of the Republic of Kazakhstan is central executive body of the Government of Kazakhstan, which administers in the areas of strategic planning, tax and budgetary policies, as well as customs policy, state and state-guaranteed borrowing and debt, public-private partnerships, state investment projects, protection of competition and restriction of monopolistic activities, natural monopolies and regulated markets, international economic and financial relations.

<span class="mw-page-title-main">Minister of Finance (Malawi)</span>

This is a list of ministers of finance of Malawi before and after independence.

Simplex Chithyola Banda is a Malawian politician and educator who is the current Minister of Trade and Industry in Malawi from February 2023. He is a Member of Parliament for Kasungu South Constituency.

References

  1. Ngwira, Robert (2014-02-14). "Get to know Sosten Gwengwe, JB's running mate". Face of Malawi. Retrieved 2024-04-06.
  2. From Obscurity to Bright Dawn: How Nyasaland Became Malawi — An Insider’s Account, by Sir Henry Phillips. London: 1998. Radcliffe Press