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Friday, August 16, 2019

Treasury closes financial year with surplus - The Times Group Malawi

Treasury closes financial year with surplus - The Times Group Malawi: After seeing budget deficit widening for a greater part of the 2018/19 financial year, the Central Government closed its budgetary operations in the last month with a surplus of K54.9 billion.

This is largely attributed to a $40.2 million (about K31.1 billion) direct budget support inflow from the World Bank.

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