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, regulation 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 Minister of Finance was Henry Phillips from 1963 to 1964.From Obscurity to Bright Dawn: How Nyasaland Became Malawi — An Insider’s Account, by Sir Henry Phillips. London: 1998. Radcliffe Press
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