Sin Taxes

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Business / Economics

FNB Namibia expects inflation to tick up slightly in June

FNB Namibia expects headline inflation to rise by 0.1 to 5.0 percent year-on-year in June. The bank further anticipates a slight decrease in inflation on a month-on-month basis of 0.1 percentage points to 0.2% in June 2024, primarily influenced by a 0.7% reduction in transport costs compared to the previous month. FNB Namibia economist Helena Mboti.   Mboti says the alcoholic beverages and tobacco category will significantly contribute to inflation, […]

today2 July, 2024

Business / Economics

Finance Minister, Ipumbu Shiimi tables 2024/25 national budget

Finance Minister Ipumbu Shiimi has tabled the National Budget for the 2024/25 period in the National Assembly this afternoon. Shiimi said that this year’s budget was built on the three pillars of stimulating domestic demand, accelerating investments in productive public infrastructure, and cultivating fiscal prudence. Revenue estimates for FY2023/24 have been revised upwards by N$2.5 billion to a total of N$81.1 billion.     Old Age Grant and the Disability […]

today28 February, 2024