According to a recent report by Oxfam, income and wealth inequality has worsened in the country, as the richest 10% of Malawians spending 34 times more than the poorest 10%.

Rankings on the Country Policy Brief on Commitment to Reducing Inequality (CRI) Index in 2020, shows that out of 158 countries, Malawi ranks 44 on education spending, 126 in Universal Health Coverage, and spends 6.4% on social protection which is low across the Sadc lower-income countries.

The report has also called for review and reduction on some taxes, as the revenue authority collects from already struggling firms. “Review and reduce large tax exemptions and deductions to corporations and individuals, introducing more balanced bilateral tax treaties, as current treaties limit Malawi’s ability to tax foreign companies and introducing an inheritance tax; introducing a net wealth tax; and increasing land rates for the highest value land,” reads part of the report.