EXCLUSIVE INTERVIEW: Unpacking the National Budget: Insights from Independent Business and Economic Researcher Josef Sheehama

As we delve into the recent national budget with the insights of independent business and economic researcher, Josef Sheehama. In a recent interview, Sheehama shared his perspective on the budget allocation, emphasizing both positives and concerns regarding the distribution of funds.

Youth Allocation Highlights Positives, but Agriculture Faces Shortcomings

The budget, as described by Sheehama, has some commendable aspects, particularly the allocation of 45% to youth initiatives. This is a positive step toward investing in the future workforce and fostering development among the younger population.

However, he raises concerns about the allocation to the Ministry of Land and Reform and the Ministry of Agriculture. The 1.9 billion earmarked for agriculture seems inadequate when considering the substantial size and employment rate within the sector. Approximately 70% of Namibians are employed in agriculture, making it a crucial contributor to the nation’s workforce.

Addressing Poverty and Unemployment through Agriculture

The researcher underscores the significance of agriculture in poverty alleviation and job creation. By investing in agricultural development, the government can not only provide employment opportunities but also uplift the standard of living for many citizens. He advocates for increased resources to facilitate training programs, especially for those entering the agricultural sector.

The researcher argues that by enhancing agriculture, particularly in rural areas, the government can reduce the migration of individuals from rural to urban areas in search of employment. This, in turn, would have a positive impact on the overall economic and living conditions in the country.

Critique of State-Owned Enterprises (SOEs) Allocation

Sheehama also expresses dissatisfaction with the allocation to State-Owned Enterprises (SOEs), stating that these sectors have often depleted budgetary resources without yielding commensurate benefits. He suggests that a critical review is necessary to ensure that funds allocated to SOEs are used judiciously and contribute meaningfully to national development.

A Call for Strategic Resource Allocation

In conclusion, Sheehama emphasizes the importance of strategic resource allocation, especially in sectors like agriculture that have a profound impact on the country’s economic and social well-being. He suggests that the Ministry of Finance should reconsider the distribution of funds and prioritize areas that promise sustainable growth and development.

Looking ahead, he remains optimistic that the Ministry of Finance will reevaluate and appropriately allocate resources to the agricultural sector. His insights provide a valuable perspective on the national budget, prompting us to reflect on the strategic decisions made to shape the future of the country.