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Malawi Revenue Authority beats Aug target by K10 billion

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Betchani Tchereni

Malawi Revenue Authority (MRA) has beaten its target for August by about K10 billion, having collected K131 billion.

The target for the month was K121 billion.

While confirming the development, MRA Marketing and Communications Manager Wilma Chalulu said the revenue collection body will issue a detailed performance report soon.

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“At the beginning of the fiscal year in April, MRA pledged to update the nation on a quarterly basis regarding revenue performance.

“We intend to present the second quarter performance when it is due by mid-October and the reasons for the performance will be highlighted,” Chalulu said.

In an interview Thursday, Malawi University of Business and Applied Sciences-based economist Betchani Tchereni said if the recent devaluation was to be factored in, the authority may not have really beaten the target.

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“The devaluation implies that the target needs to be adjusted; if we have not adjusted the target then we have a problem. The target must be adjusted upwards in dollar terms then they (MRA) can come to us and brag about beating the target but, as it is, in real terms, have they beaten the target? I don’t think that is the case.

“Further, we give each other mediocre targets. You look at the target and laugh and say do you know the deficit? Do you know the target? It is not proper to brag about beating such a mediocre target. I don’t think that is enough. Trivia will always produce trivia,” Tchereni said.

MRA collected K355.11 billion between April and June 2022.

The performance was mainly affected by MRA’s deficit in May when it recorded revenue amounting to K104.7 billion against a target of K113.7 billion.

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