fiscal responsibility

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Namibia

MPs Debate Pension Fund Reforms

Lawmakers are actively reviewing proposed amendments to the Members of Parliament and Other Office Bearers Pension Fund. The discussion is focusing on enhancing financial security for public office holders and ensuring sustainability. Some MPs are arguing for increased contributions, while others are raising concerns about fiscal responsibility. The reforms aim to balance long-term benefits with economic realities. A final decision is set to be made after further consultations.

today6 March, 2025

South Africa

In S.A, ANC calls for a constructive, informed, and sober debate on the budget

In S.A, the ANC Veterans' League is calling for a constructive, informed, and sober debate on the budget. ANC Veterans' League president, Snuki Zikalala, says the government should avoid drastic expenditure slashing and must also be mindful of the sentiment of citizens, who struggle with high unemployment and the ongoing high cost of living. Meanwhile, the DA says it refuses to be held hostage or intimidated by the ANC’s blatant […]

today3 March, 2025

South Africa

Minister Hlabisa Urges Government Departments to Settle R29.4 Billion Municipal Debt

Minister of Cooperative Governance and Traditional Affairs, Velenkosini Hlabisa, is urging government departments to settle their municipal debt. Government departments owe municipalities about 29.4-billion-rand. Answering questions in Parliament, Hlabisa says his department aims to ensure that financial recovery plans for municipalities prioritise long-term sustainability and are effectively implemented:  

today15 November, 2024

World

New UK finance minister vows to power economy

      New UK finance minister Rachel Reeves vowed Monday to immediately "fix the foundations" of Britain's economy, fuelled by onshore wind power and house building, after her Labour party won power. In her first major speech since being appointed the UK's first woman chancellor of the exchequer by new Prime Minister Keir Starmer, Reeves said there was "no time to waste" on reversing "the legacy of fourteen years […]

today8 July, 2024