Govt Collects K1.5 Billion From Carbon Tax

Govt Collects K1.5 Billion From Carbon Tax

Government has raked in about 1.5 billion Kwacha in carbon tax from July last year to January this year.

Treasury spokesperson, Williams Banda, says the money has been used for government developments and recurrent operations.

Last year, various players in the environment and climate change circles faulted government for using the tax to increase the tax base rather than mitigating the effects of climate change.

Banda, says funds collected are channeled to a consolidated account, popularly known as Government Account Number 1.

"From July last year to January this year, government has collected about 1.5 billion Kwacha of the tax which he says has been used for national development."

"Government is using the tax in accordance with the way it was framed," Banda said.

Read 1897 times

Last modified on Sunday, 07/03/2021

Login to post comments

NEWS IN BRIEF

Chisa Mbele Out on Bail

Senior Resident Magistrate Court, Wanangwa Nyirenda has released social media…
Read more...

Osward Lutepo Released From Jail After Eleven Years

Osward Lutepo has been released from Chichiri Prison in Blantyre…
Read more...

Parley Committee On Agriculture Calls For AIP Review

The Parliamentary Committee on Agriculture has called for a comprehensive…
Read more...

Muluzi Family Plans To Construct A Cancer Ward

Former Health Minister, Atupele Muluzi, son of the country’s former…
Read more...

15 Witnesses Lined up to Probe Death of Mtekama

The state says nine more witnesses are to testify in…
Read more...
Go to top
JSN Time 2 is designed by JoomlaShine.com | powered by JSN Sun Framework