insert_link Business / Economics Economists break down revised tax reforms and national budget With Finance and Public Enterprises Minister Ipumbu Shiimi having announced in yesterday’s National budget that the government has revised tax reforms that will put N$646 million back in the pockets of taxpayers by exempting all individual taxpayers from paying tax on the first N$100,000 of their income, starting 1 March 2024, we asked Cirrus Capital Economist Robert McGregor for a breakdown of the numbers. Namibia's largest-ever annual budget on Wednesday […] today29 February, 2024
insert_link Business / Economics Minister Shiimi Unveils N$100 Billion Budget with Focus on Development and Growth Finance and Public Enterprises Minister Iipumbu Shiimi presented a N$100 billion budget to the National Assembly for the fiscal year 2024/25, with over 20% earmarked for economic and infrastructural development. Emphasizing the theme ‘Continuing the Legacy of President Hage Geingob by Caring for the Namibian Child,’ Shiimi highlighted specific provisions for infrastructure development to address gaps and boost Namibia’s economic growth objectives. The budget allocates N$20.9 billion for FY2024/25 and […] today29 February, 2024
insert_link Namibia Controversy Surrounds Finance Minister Shiimi Over Alleged Election-Focused N$100 Billion Budget Finance Minister Iipumbu Shiimi is under scrutiny for presenting a budget accused of targeting pensioners, students, and low-income earners to sway support for the Swapo party in the upcoming elections. The N$100 billion budget, the largest in Namibia's history, is unveiled amid concerns about voter apathy and economic challenges impacting Swapo's electoral prospects. Minister Shiimi defended the budget, stressing its pro-poor focus and intention to stimulate development and infrastructure projects. today29 February, 2024
insert_link Business / Economics Development economist says SA’s budget lacks political will With South Africa's Finance Minister Enoch Godongwana presenting the country's budget yesterday, development economist Dr. Nthabiseng Moleko shared with Newzroom Afrika that the budget has shifted its focus towards accounting and fund allocation. Meanwhile at home, the Ministry of Finance and Public Enterprises has set aside 28 February 2024, for the tabling of the 2024/2025 budget. Salomo Hei the Managing Director at High Economic Intelligence says because it’s an […] today22 February, 2024
