Potential N$723 Million Monthly Burden on Taxpayers for Increased Pension and Disability Grants

Fulfilling the late President Hage Geingob’s proposal to raise Namibia’s pension and disability grants from N$1,400 to N$3,000 could cost taxpayers approximately N$723 million monthly. Even with a more modest increase to N$2,000, taxpayers would still bear a monthly burden of N$482 million. The anticipation among 241,016 beneficiaries has been high, following Geingob’s New Year’s message expressing his hope for the increase. The Finance Minister, Iipumbu Shiimi, is expected to present the 2024/25 national budget today.

Written by: Leonard Witbeen

Finance Minister Ipumbu Shiimi FUTURE MEDIA NAMIBIA FUTURE MEDIA NEWS IIPUMBU SHIIMI leonard witbeen National Budget

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First Gentleman says oil and gas under presidency a strategic move

(Contributed Photo) By: Josia Shigwedha Namibia’s First Gentleman,Denga Ndaitwah, says President Netumbo Nandi-Ndaitwah placed the country's oil and gas portfolio under her office to safeguard it from corruption, as it is one of the sectors most vulnerable to abuse. Speaking at a student workshop held at Triumphant College in Khomasdal, […]

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Namibia implements N$1.3 billion in climate projects, pushes for direct access to boost funding

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