Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile
Veronika Haulenga
Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile
Veronika Haulenga
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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga
By: Hertha Ekandjo
The Minister of Finance, Ericah Shafudah, tabled Namibia’s national budget for the 2025/26 financial year in Parliament in Windhoek, outlining a total expenditure of N$106.3 billion.
According to Shafudah, the budget comprises N$79.8 billion for operational expenditure, N$12.8 billion for development expenditure including N$3.2 billion funded through external loans and grants, and N$13.7 billion allocated for interest payments.
This marks a 4.9% increase from the revised estimates of the previous financial year.
The operational budget is projected to grow by 2.3% compared to the 2024/25 financial year mid-term estimates, reaching N$79.8 billion. Meanwhile, the development budget has seen a significant increase of 22.6%, rising to N$12.8 billion.
This includes externally funded projects worth N$3.2 billion. As a share of GDP, the development budget now stands at 4.6%, up from 4.2% in the previous year.
Debt servicing remains a key concern, with N$13.7 billion set aside to meet statutory obligations. This amount accounts for 14.8% of government revenue and 4.9% of GDP.
Shafudah stressed the need for measures to curb rising debt-servicing costs, highlighting the government’s commitment to keeping public debt on a reduction path while ensuring cost-effective borrowing.
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