BLANTYRE--Malawian President Joyce Banda and her vice president on Friday announced that they have "voluntarily" cut their salaries by 30 percent "as part of their support to the current austerity measures."
“In support of the austerity measures, the President and the Vice President have voluntarily decided to reduce their monthly salaries by 30 percent with immediate effect," Vice President Khumbo Kachali said when he launched the country's economic recovery programme in the administrtaive capital Lilongwe.
Kachali said the impoverished southern African nation was also "actively considering other cost cutting measures."
The President earns on average K1.5 million per month, and this means she will now take home some K1.1 million The Vice president earns K1.2million, and he will get home with K840,000.
Banda, who took power in April following the sudden death of president Bingu wa Mutharika, has launched a number of reforms to win back international donors, including an economic strategy to deal with current challenges of economic governance and help stabilise the agriculture-powered economy.
Donors, who support 40 percent of the development budget, have been pressuring Lilongwe to cut expenditure, including local and international travel.
Banda has been criticised locally for picking a 40-member delegation to the United Nations general assembly where her cash-strapped government will spend more than $1 million for travela and other expenses.
International worries about Mutharika's governance and authoritarian tendencies led donors--including former colonial power Britain and the US- to cut off aid last year.
The Maravi Post 2012. Reproduction without acknowledgement prohibited.