Govt laughs off IMF’s sentiments on tax, AIP

The Presidency has dismissed sentiments by the International Monetary Fund (IMF) on the Affordable Input Program (AIP) and the adjustment of the zero-tax bracket.

In its latest Rapid Credit Facility report, IMF expressed doubts on the effectiveness of the programs and described the new administration as over ambitious.

But addressing the media during the state house weekly update, the State House Press Secretary, Brian Banda said President Chakwera’s remains committed to promote and improve the welfare of Malawians as such the programs are in line with the needs of the people.

“President Lazarus Chakwera is committed to improving the economic well-being of Malawians, and there is nothing ambitious about that,” said Banda.

“The country is affected with hunger every year and the Affordable Input Program has been put up to address that, if others have other thoughts on that, they have issues.” he added.

Banda added that, among others, Chakwera would like the working class to have better take-home packages, which is why he increased the tax free bracket on Pay As You Earn to K100, 000.

The State House Press Secretary has since appealed to stakeholders and organizations to partner and work collaboratively to achieve the program.

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