ITSANANA:Tonse Govt Spends K631.1billion In Three Months
Chakwera: Malawi Leader It has emerged that Ministry of Finance spent K635.1 billion between July and October 2020 amid less revenue collection of K471.8 billion during the period. This development left Treasury with the option to borrow K163.3 billion from the expensive domestic market to finance the deficit. The Nation analysis of the government expenditure shows that between July and October 2020, Capital Hill on average spent K159 billion a month against the average monthly revenue collection of K118 billion. The development means that within four months, the Tonse administration spent ...
Source: malawivoice.com