National Budget

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World

India’s budget turns to manufacturing as government opts for caution

India’s government has placed manufacturing at the centre of its new national budget as it seeks stability in the face of growing global economic uncertainty. The budget, presented in parliament on Sunday, avoided sweeping reforms and instead focused on steady sectoral support, a move analysts say reflects a cautious approach by policymakers. Neha Poonia filed this report. While the measures aim to shield the economy from external shocks, the absence […]

today2 February, 2026

Business / Economics

Shafudah Announces Spending Adjustments in Mid-Term Budget Review

Finance Minister Ericah Shafudah tabled the Mid-Term Budget Review before Parliament, providing an update on the local economic progress and key fiscal adjustments. The proposed changes to the 2025 Appropriation Act aim to realign government spending and ensure adequate funding for national priorities through the rest of the 2025/26 financial year. Simonis Storm economist Almandro Jansen: 

today22 October, 2025

Business / Economics

South Africa faces R800 billion debt repayment challenge

South Africa’s Finance Minister Enoch Godongwana (Reuters/Shelley Christians) South Africa could face a financial challenge as debt servicing costs are projected to consume up to 30% of the country’s tax revenue by 2030, according to the International Monetary Fund (IMF). The IMF estimates that South Africa may need to spend as much as R800 billion on debt repayments within the next seven years, exposing a growing strain on the country's […]

today19 May, 2025

Oshiwambo

Minister woimaliwa atukula omutengenekwafaneko woshimaliwa 2025/2026

Minister wemona, Ericah Shafudah, onghela okwa eta poshitaafula omutengenekwa faneko wopashimaliwa wo 2025/2026 osho sha ningilwa meumbo lomutumba wopashiwana. Omutengenekwa faneko wopashimaliwa womudo wo 2025/2026 owa kalelapo oshimaliwa shifike pee N.dollars 106.3 billion. Shafudah pefimbo tayandje olopota yoshimaliwa shomutengenekwafaneko okwati omutengenekwafaneko woneudo owaya  pombada nee 4.9 per cent oku shiyelekanifa nomutengenekwafaneko wadileko oo wali wafikama poshimaliwa shee  N.dollars 100.1. Ouministry welongo, etungululo, ounghulungu no mifyuululwakalo  oo uli komesho moku mona […]

today28 March, 2025

Namibia

Namibia’s 2025/26 budget set at N$106.3 billion

By: Hertha Ekandjo The Minister of Finance, Ericah Shafudah, tabled Namibia’s national budget for the 2025/26 financial year in Parliament this afternoon, 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 […]

today27 March, 2025

Oshiwambo

Omutengenekwa faneko woshimaliwa sho 2025/26 ota utulwa poshitaafula mongula

Minister wemona neungaungo loshikuvila sho shiwana Ericah Shafudah, mongula metine okwa teelelika aka tule poshitaafula omutengenekwa faneko wopashimaliwa wo 2025/26. Omutengenekwa faneko woshimaliwa oha uyandje efano loshimaliwa osho shili moshike shepangelo, osho shalongifwa, omafaneko okweehela oshoyo eemumbwe dafimana odo danuninwa omutengenekwa faneko wokomudo. Omukanda oo wapitifilwa oikundaneki okudja kouministry  onghela owati omutengenekwa faneko ota utulwa poshitaafula oku yandja omuvalu woshimaliwa shonumba osho tashi ka kwafela meemumbwe domayakulo apumbiwa koshiwana fiyo […]

today26 March, 2025

South Africa

OUTA Urges SA Finance Minister to Tackle Corruption in Budget Speech

In S.A, the Organisation Undoing Tax Abuse urges Finance minister Enoch Godongwana to prioritise the fight against corruption and financial mismanagement in next week’s revised budget speech. The organisation criticised the government for failing to tackle wasteful spending and poor financial management, which could improve the national budget by 500-billion-rand annually. OUTA CEO Wayne Duvenage expects meaningful changes in the upcoming budget:  

today6 March, 2025

South Africa

In South Africa, SARS Commissioner urges Strengthening Tax Collection, Not Hikes

South African Revenue Service Commissioner, says raising tax revenue should start with strengthening collection capacity, and not hiking taxes. Edward Kieswetter addressed a panel discussion at a G20 Finance Trackside event in Cape Town on Wednesday. Last week, Godongwana was unable to table the national budget, over disagreements within the government of national unity on a proposed two-percent value-added tax hike.  

today27 February, 2025

Business / Economics

S.A Reserve Bank Governor Warns of Inflation Risks

South African Reserve Bank Governor, Lesetja Kganyago, has warned that global trade tensions and a potential value-added tax hike could derail two years of slowing inflation. Last week the national budget speech was postponed, after a last-minute disagreement within the government of national unity, about a proposal to hike value-added tax by two-percent. Speaking to CNBC Africa on the sidelines of a meeting of G20 finance officials in Cape Town, […]

today26 February, 2025