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Finance Minister optimistic on MRA’s revenue targets

Finance Minister optimistic on MRA’s revenue targets

The Minister of Finance, Honourable Felix Mlusu has expressed optimism that the Malawi Revenue Authority will continue meeting its revenue targets.

This was disclosed during a press briefing held at the end of the Minister’s visit to Msonkho House in Blantyre on Monday, 16th November 2020.

“We are pleased that as MRA, they are already improving in their revenue collection and the set revenue target is not beyond their reach,” said Mlusu who was accompanied by the Secretary to the Treasury Chauncy Simwaka and Board Chairperson Vizenge Kumwenda.


His comment follows the Authority’s beating of the October target by K4.22 billion with a total collection of K103.28 billion against a target of K99.06 billion.

The Finance Minister expressed confidence in MRA’s efforts towards revenue collection and commended its tax reform initiatives such as Msonkho Online which he said are pivotal for improved tax collection and continued revenue support to government.

“I am immensely impressed with what I have seen and what I have been told and indeed what I have learnt on what MRA is doing. The message that I brought to MRA is for them to realise how critical an institution they are to the national budget and indeed to the national development,” he said.

Honourable Mlusu said Government is implementing more development projects and investing in social services hence the need for adequate resources.

“Thus why we are impressing upon MRA to improve their revenue mobilisation so that we can ably fund these projects without going out to borrow money to run such projects,” he added.

MRA’s Commissioner General, John S. Biziwick concurred with the Minister saying the Authority is very capable and geared to step up its collection efforts to meet set revenue targets.

During the visit, the Finance Minister toured Msonkho Online section where he was taken through how the new system will enhance tax administration and efficiency in tax processe­­s through computerised automation.

He later visited the MRA Data Centre, Declarations Processing Centre (DPC), Internal Affairs and Legal Divisions where he was taken through various roles that each division plays before engaging the executive management in a closed-door meeting.

The MRA team comprised the Board Chairperson Vizenge Kumwenda, Board Member, Dharles Thokozani Kuyokwa, the Commissioner General John Biziwick, Deputy Commissioner General Henry Ngutwa, Executive Director Corporate Service Agnes Katsonga Phiri and the executive management.

 

 

BY FUNSANI JOHN SCANDER

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