• Source: Ministry of Finance (Malawi)

      • 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.
      The current minister of finance is Sosten Gwengwe (Malawi Congress Party). 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.


      Organization


      The 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

      =
      The 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


      List of Malawian Ministers of Finance


      References

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