By Wendy Mkandawire
The Malawi Revenue Authority has revised its annual collection target upward to K1.39 trillion after outperforming its initial goal by K20 billion in the first quarter.
Economic expert Milward Tobias described the surplus as proof that the MRA’s compliance and enforcement strategies are starting to pay off.
According to an MRA press statement released on Wednesday, 26th August, the authority surpassed its initial annual target of K1.37 trillion, revising it to K1.39 trillion.
He said that beating the early target gives the authority breathing room to manage cash flow and sustain collection momentum for the rest of the financial year.
Tobias argued that long-term gains will depend on economic growth, saying that a stronger economy creates jobs, expands businesses, and increases purchasing power — all of which widen the tax base.
He urged the government and MRA to pair aggressive revenue collection with growth-focused policies to keep taxpayers compliant and the economy productive.
According to MRA 6 year record ( 2020-2026) maintained an average 99 percent revenue performance target.
e
