Malawi government has disclosed an increase in minimum wage for workers across the country.
The increament was revealed in parliament during 2017/18 National Budget presentation by the Minister of Finance, Economic Planning and Developement Goodall Gondwe.
In his words, Gondwe stated that the minimum wage has increased from MK19000 to Mk25000 per month.
He said that the Government came up with the new figures after consulting the representetives of employers and employees in the country.
“In consultation with the representatives of employers and employees, the minimum wage has been increased from K19, 000 to K25,000 per month,” Gondwe said.
The minister also disclosed that employees earning K30 000 or less won’t pay tax as government has increased the tax free income bracket from K20 000 per month to K30 000.
Government has however introduced 35 percent Pay As You Earn (PAYE) tax to those who earn an income salary of above 3 million kwacha per month.
This year’s budget is pegged at MK 1, 297.2 trillion an increase from about K1 trillion in the 2016/2017 budget.