Documents can live in regular archives. What deserves immutability is the action trail and fund movements.

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🇹🇷 Türkiye's 2026 Budget Debates Begin in Grand Assembly

🇹🇷#Türkiye 🔖 #nationalbudget #turkishpolitics #economicpolicy @dbdevletbahceli @mhp_resmi @chp @iyiparti @saadetpartisi @NATO #TuncerBakırhan...

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Unemployment rate reaches 4.8 per cent, highest level in over four years According to the Office for National Statistics (ONS), unemployment rose to 4.8 per cent in the three months to the end of August, the highest since the first half of 2021.

UK Economy Latest: What does the new ONS data reveal about the labour market and unemployment? Get the key figures ahead of the National Budget.

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To people like Boebert and her rich donors, the problem is spending on people they don’t like.

#BigBeautifulBill #BigUglyBill #LaurenBoebert #MAGAtard #spending #MAGALies #Medicaid #MAGAHypocrisy #NationalBudget

Busch Backs Budget [New Era] Member of Parliament and former executive chairperson of the National Youth Council (NYC) Sharonice Busch, has thrown her full support behind the 2025/26 national budget, describing it as a "manifesto of progress".

#Namibia #NationalBudget #EconomicProgress #YouthEmpowerment #PublicFinance

Infrastructure, Wealth Delivery Top MP's Concerns [New Era] When the recently tabled national budget is unpacked, it emerges that only 12% of the allocated funding directly goes into building the roads, schools, hospitals, water, electricity, and rural infrastructure. These are items that Namibians need most, said Swapo parliamentarian Fenny Nanyeni.

#Namibia #Infrastructure #NationalBudget #WealthDelivery #PublicServices

First budget of new administration tackles real issues with fresh approach - Likukela First budget of new administration tackles real issues with fresh approach - Likukela NBC Online Mon, 04/14/2025 - 18:11

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NANSO hosts event to discuss national budget NANSO hosts event to discuss national budget NBC Online Sat, 04/12/2025 - 16:59

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National budget is well balanced - Swapo MP Katjingisiua National budget is well balanced - Swapo MP Katjingisiua NBC Online Thu, 04/10/2025 - 19:07

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Throwing money at a broken system is no solution – NEFF on national budget - The Namibian - Throwing money at a broken system is no solution – NEFF on national budget  The Namibian -

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Throwing Money At a Broken System Is No Solution - Neff On National Budget [Namibian] Namibia Economic Freedom Fighters (NEFF) deputy leader Kalimbo Iipumbu has cast doubt on the national budget, questioning if it can address the bottlenecks of the nation.

#Namibia #EconomicFreedom #NationalBudget #MoneyManagement #SocialJustice

Budget fails to provide practical robust strategies to address job creation – IPC Independent Patriots for Change (IPC) member of parliament Michael Mwashindange has criticised the national budget for failing to provide a robust and practical framework for job creation, particularly for our youth. “Thirty-five years after independence, we demand urgent and decisive interventions, yet the budget fails to cater for this need,” he says. He said this in the National Assembly on Wednesday while also citing the economic hardships endured by many, including young graduates with qualifications but that are unable to secure employment. Meanwhile, also speaking in the National Assembly on Wednesday, deputy minister of agriculture, fisheries, water, and land reform Ruthy Masake said agriculture is the heart of the nation, supporting families, communities and local economies across the country. “It is clear that the future of agriculture lies in embracing modernisation and sustainable practices. As such, we must leverage innovation and technology to enhance productivity while protecting our land and water resources,” she said. A key priority she highlighted will be the continued empowerment of farmers, particularly women and youth, through improved access to markets, modern farming techniques, and financial support. The post Budget fails to provide practical robust strategies to address job creation – IPC appeared first on The Namibian.

#JobCreation #YouthEmployment #NationalBudget #EconomicDevelopment #Agriculture

Throwing money at a broken system is no solution – NEFF on national budget Namibia Economic Freedom Fighters (NEFF) deputy leader Kalimbo Iipumbu has cast doubt on the national budget, questioning if it can address the bottlenecks of the nation. “Throwing money at a broken system without systemic reform is not a solution. It is a political sedative meant to silence the frustrations of the masses. We expected to see deliberate investment in technical, and vocational training institutions across the country. “We expected to see the establishment of innovation hubs and free access to early childhood education. Sadly, this budget only amplifies the status quo,” says Iipumbu. He states it is economically irresponsible that the Ministry of Agriculture, Fisheries, Water and Land Reform remains underfunded when it holds the key to food security, youth employment, and rural development. Iilumbu believes Namibia is rich in land and climate diversity, and could be exporting more than meat and importing less food, if only the right investments were made. He says the budget fails to address the most immediate burden facing the high cost of living, while arguing that prices of basic goods are skyrocketing, housing is unaffordable, and public transport costs continue to deepen the pockets of the elite. Despite promises of stability, they see no direct measures to ease the daily suffering of the working class and the unemployed. He says there is no significant increase in social grants, no policy shifts on land ownership, and no strategy to bring down the price of housing or fuel. If this budget is not directly fighting poverty, then it is simply a document of delayed justice, says Iipumbu. “The NEFF is particularly concerned that developmental projects that could absorb thousands of unemployed youth are underfunded or completely absent.” The post Throwing money at a broken system is no solution – NEFF on national budget appeared first on The Namibian.

#Namibia #EconomicFreedom #NationalBudget #SystemicReform #YouthEmployment

Budget fails to address youth unemployment – LPM Landless People’s Movement (LPM) spokesperson Lifalaza Simataa yesterday said the national budget announced last week fails to address unemployment among the youth. “We’re maintaining the status quo and the status quo is one that’s currently failing, where you have an increase in unemployment rates, you have continuous markets that are not growing, such as industries like manufacturing that haven’t grown in the past few years,” Simataa said. He further highlighted the “failing” school education system and that youth unemployment is continuously growing. According to Simataa, there might be an increase in the budget here and there, but not enough to radicalise the situation. He added that they believe this shows there is a lack of ambition to adjust. “The budget doesn’t steer from what it has previously done in any shape or form,” he said. As in their manifesto, Simataa highlighted that agriculture needs a huge boost to grow as an industry and to be a backbone that many in the country can rely on. He said, currently, agriculture is the highest employer in the country but at the same time it suffers from drought and farmers that do not necessarily get the support they require. “You can see how problematic it is to maintain the already existing budget. We won’t address the issues that we are facing, but you also aren’t allowing innovation to occur within that industry,” Simataa said. Over the weekend, LPM held its fourth national convention in Windhoek, with leader Bernadus Swartbooi firing shots at the national budget and calling for opposition unity ahead of November’s local authority elections. Speaking to Desert FM, Simataa highlighted how important it is to consider how funds are acquired from the strength powers of each government level. “When people understand that, they can understand for instance, the stagnancy or why things take a bit longer for projects to lift off and why they have to wait to be assisted,” he said. He said it is important to educate people on these matters because certain things are consistent problems that have already existing projects. He added that once that transparency is there, it allows for individuals to understand what is going on. The post Budget fails to address youth unemployment – LPM appeared first on The Namibian.

#YouthUnemployment #NationalBudget #LandlessPeoplesMovement #EconomicGrowth #JobCreation

Budget fails to address youth unemployment – LPM Landless People’s Movement (LPM) spokesperson Lifalaza Simataa yesterday said the national budget announced last week fails to address unemployment among the youth. “We’re maintaining the status quo and the status quo is one that’s currently failing, where you have an increase in unemployment rates, you have continuous markets that are not growing, such as industries like manufacturing that haven’t grown in the past few years,” Simataa said. He further highlighted the “failing” school education system and that youth unemployment is continuously growing. According to Simataa, there might be an increase in the budget here and there, but not enough to radicalise the situation. He added that they believe this shows there is a lack of ambition to adjust. “The budget doesn’t steer from what it has previously done in any shape or form,” he said. As in their manifesto, Simataa highlighted that agriculture needs a huge boost to grow as an industry and to be a backbone that many in the country can rely on. He said, currently, agriculture is the highest employer in the country but at the same time it suffers from drought and farmers that do not necessarily get the support they require. “You can see how problematic it is to maintain the already existing budget. We won’t address the issues that we are facing, but you also aren’t allowing innovation to occur within that industry,” Simataa said. Over the weekend, LPM held its fourth national convention in Windhoek, with leader Bernadus Swartbooi firing shots at the national budget and calling for opposition unity ahead of November’s local authority elections. Speaking to Desert FM, Simataa highlighted how important it is to consider how funds are acquired from the strength powers of each government level. “When people understand that, they can understand for instance, the stagnancy or why things take a bit longer for projects to lift off and why they have to wait to be assisted,” he said. He said it is important to educate people on these matters because certain things are consistent problems that have already existing projects. He added that once that transparency is there, it allows for individuals to understand what is going on. The post Budget fails to address youth unemployment – LPM appeared first on The Namibian.

#YouthUnemployment #NationalBudget #LandlessPeoplesMovement #EconomicGrowth #JobCreation

Budget fails to address youth unemployment – LPM Landless People’s Movement (LPM) spokesperson Lafalaza Simaata on Monday said the national budget announced last week fails to address unemployment among the youth. “We’re maintaining the status quo and the status quo is one that’s currently failing, where you have an increase in unemployment rates, you have continuous markets that are not growing, such as industries like manufacturing that haven’t grown in the past few years,” Simaata said. He further highlighted the “failing” school education system and that youth unemployment is continuously growing. According to Simaata, there might be an increase in the budget here and there, but not enough to radicalise the situation. He added that they believe that shows there is a lack of ambition to adjust. “The budget doesn’t steer from what it has previously done in any shape or form,” he said. As in their manifesto, Simaata highlighted that agriculture needs a huge boost to grow as an industry and to be a backbone that many in the country can rely on. He said, currently, agriculture is the highest employer in the country but at the same time it suffers from drought and farmers that do not necessarily get the support they require or they need. “You can see how problematic it is to maintain the already existing budget. We won’t address the issues that we are facing, but you also aren’t allowing innovation to occur within that industry,” Simaata said. Over the weekend, LPM held its fourth national convention in Windhoek, with leader Bernadus Swartbooi firing shots at the national budget and calling for opposition unity ahead of November’s local authority elections. Speaking to Desert FM, Simaata highlighted how important it is to consider how funds are acquired from the strength powers of each government level. “When people understand that, they can understand for instance, the stagnancy or why things take a bit longer for projects to lift off and why they have to wait to be assisted” he said. He said it is important to educate people on these matters because certain things are consistent problems that have already existing projects. He added that once that transparency is there, it allows for individuals to understand what is going on. The post Budget fails to address youth unemployment – LPM appeared first on The Namibian.

#YouthUnemployment #NationalBudget #LandlessPeoplesMovement #EducationReform #EmploymentRates

Mismatch between defence, direct youth-focused spending a lingering tension point – analyst Head of investments at Simonis Storm Max Rix has raised a red flag over the prioritisation of defence spending in the budget over the Namibia currently grappling with a high unemployment rate. Despite the Netumbo-Nandi Ndaitwah administration promising to tackle unemployment head-on, budget allocation towards young people is eclipsed by military expenditure. The recently tabled national budget allocated N$1.3 billion, some of which is supposed to deal with stadium construction, sports leagues and youth skills programmes. “While that is an improvement, the question arises whether it is enough to move the needle in a direction where more than one in three young people struggle to find formal work,” says Rix. In his post budget tabling analysis, Rix drew a comparison between this allocation with the N$7.5 billion allocated to defence, remarking that the stark difference in resources becomes clear. “Although a portion of the defence budget is presumably tied up in salaries and legacy obligations, the mismatch between defence and direct youth-focused spending is a lingering tension point.” “This is especially significant given that youth disaffection and lack of economic opportunity can be a long-term threat to stability, every bit as significant as the external threats that the defence budget is meant to counter, ” he says. The post Mismatch between defence, direct youth-focused spending a lingering tension point – analyst appeared first on The Namibian.

#Namibia #YouthEmployment #DefenceSpending #NationalBudget #Unemployment

Budget debate postponed as MPs demand transparency Opposition political parties have threatened to boycott budget discussions in parliament until they are provided with the full documents that will allow them to engage with the appropriation bill in depth. The finance and social grants management minister, Ericah Shafudah, tabled the N$106.3 billion national budget in the National Assembly on Thursday last week. The opposition parties’ threat followed the postponement of this week’s budget debate to 8 April. This was announced by the National Assembly in a statement on Tuesday, although reasons were not given. Affirmative Repositioning leader Job Amupanda told The Namibian they will not debate the budget without documents. Amupanda on his social platform on Tuesday said the documents the opposition requested last week had not been provided, precluding any discussion or debates on the budget. Body of Christ Party president Festus Thomas agreed, saying his party wants to ensure the budget is passed following due dilligence. “The people voted for us to represent them in parliament. We do not want to have harsh discussions without knowing what is actually in the documents. We need to see who are the beneficiaries, how the budget was formulated and which ministry got how much and why,” said Thomas in an interview with The Namibian yesterday. Thomas emphasised the importance of leaders being sufficiently informed, allowing them to make decisions that speak to the interests of all Namibians. He also urged the finance ministry to ensure that documents are made available by next week Tuesday. The Independent Patriots for Change (IPC) say they are disappointed by the decision to postpone parliamentary sittings. Party spokesperson Immanuel Nashinge describes the decision as unilateral. “The IPC expresses deep concern over the unilateral decision by the speaker of the National Assembly, Saara Kuugongelwa-Amadhila, to postpone today’s parliamentary sitting – which was set to deliberate on the critical appropriation bill – without citing any valid standing rule or consulting the chief whips of other opposition political parties,” he said on Tuesday. Nashinge argues that parliament must not be held hostage by executive incompetence or partisan manoeuvering. The IPC, he says, has sought an immediate explanation from the speaker on the rule invoked for the postponement, as well as a commitment that future sittings will not be arbitrarily delayed without cross-party consultation as provided for in the standing rules. During an interview with Desert FM yesterday, National Democratic Party (NDP) leader Martin Lukato said if parliament had agreed to his proposal to give parliamentarians two weeks to study the budget, the National Assembly would not have needed to make such an abrupt decision. He said the two weeks were going to be adequate for documents to be provided and studied. “But now [the parliamentary sitting] is postponed to next week. I commend the speaker for doing so because it is the right thing,” Lukato said. Lukato clarified that during the induction workshop for members of parliament, the speaker announced that parliament will be postponed to allow ample time to scrutinise the budget documents. “I thought all political parties represented on the whips forum in the National Assembly were consulted, and agreed on the postponement.” The post Budget debate postponed as MPs demand transparency appeared first on The Namibian.

#BudgetDebate #TransparencyInGovernment #OppositionVoices #NamibiaPolitics #NationalBudget

Questions on National Budget's responsiveness to gender, youth concerns Questions on National Budget's responsiveness to gender, youth concerns NBC Online Thu, 04/03/2025 - 14:16

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Central bank to pay Govt N$720 million in dividends The Bank of Namibia (BoN) is estimated to be giving the government N$720 million today. Minister of finance and social grants management Erica Shafudah announced this during the tabling of the national budget last week. “Dividends to the tune of N$720 million are anticipated from the Bank of Namibia,” she said. This is part of the revenue Shafudah has included in her N$106.2-billion budget. The BoN last year declared a profit of N$511.1 million, the highest since its inception in 1990. Additionally, the government has received N$1.6 billion in dividends from Namibia Post and Telecom Holdings Limited (NPTH). “We have deferred the utilisation of N$1.6 billion in dividends from the NPTH company, following the dissolution of the company, to financial year (FY) 2025/26,” Shafudah said. NPTH holds 100% ownership of Telecom and Namibia Post Limited (NamPost), as well as 60% of Mobile Telecommunications Limited (MTC). The dismantling will see Telecom and NamPost operating independently as opposed to being government-owned through NPTH. The property transfer process is nearing an advanced stage, and “the complete transfer of all properties is scheduled to be finalised by January 2025”. Shafudah said approximately N$450 million from the sale of the remaining 9% shares in MTC has been shifted to the next year’s estimates. As of the time of tabling the budget, the government had secured 100% of its budget. “We estimate total revenues of N$92.6 billion for FY2025/26, a moderate increase of only 1.9% from the revised estimates of the previous year,” Shafudah said. The strain on revenues emanated from a N$6.9-billion reduction in Southern Africa Customs Union receipts, which is confirmed at N$21.1 billion. Additionally, due to a decline in diamond sector revenue, as lab-grown diamonds continue to rise, government revenues had to be projected downward. “Nevertheless, we estimate improved performance on several domestic revenue streams,” Shafudah said. However, the government will be receiving more money from taxes as value-added tax is estimated to increase by N$2.6 billion. Additionally, income tax on individuals is estimated to increase by N$1.8 billion, while non-mining company taxes are estimated to increase by N$1.3 billion. The post Central bank to pay Govt N$720 million in dividends appeared first on The Namibian.

#Namibia #BankOfNamibia #Dividends #NationalBudget #FinanceNews

Meatco, TransNamib a cancer – economists Economists are branding companies like Meatco and TransNamib as “a cancer” draining national resources and stalling economic progress. Minister of finance and social grants management Erica Shafudah on Thursday tabled the 2025/26 national budget, allocating N$100 million to the Meat Corporation of Namibia (Meatco) and N$320 million to national rail services operator TransNamib in yet another effort to keep the struggling entities afloat. An additional N$350 million has been set aside in the country’s contingency fund for unforeseen emergencies. In the 2024/25 financial year, Meatco has been allocated N$212 million to settle contingent liabilities and stabilise its financial position. TransNamib, facing operational challenges, also received N$300 million to support day-to-day operations and address infrastructure needs. However, experts say this continued financial resuscitation is wasteful and unsustainable. “Taxpayers will be wasting their money on this cancer. Use consequences management, prevent rehiring the same individuals, recruit fresh blood, and refrain from assigning names if we want to see results,” independent economic and business researcher Josef Sheehama says. He says funding loss-making state-owned enterprises (SOEs) comes at a high opportunity cost, diverting scarce resources from priority sectors like agriculture and manufacturing, and job-creation and anti-corruption efforts. “Finding resources to support failing SOEs has skewed monetary policy and financial systems, occasionally exacerbating the macroeconomic crisis,” Sheehama warns. Despite their mandate to contribute to national development and revenue generation, most SOEs, including Meatco and TransNamib, have instead become fiscal burdens, surviving on government bailouts while offering the public little in return. The parastatals received the same money from the national budget last year each. However, economist Omu Kakujaha-Matundu questions the efficiency of the allocations, pointing out that past financial support has failed to yield meaningful reforms. “The government commissioned a study looking into Meatco’s finances and sustainability. I’m not sure whether the N$100 million is adequate to achieve the government’s objective of making Meatco a sustainable national meat company,” he says. Meatco incurred substantial losses in 2024, with reports indicating a N$258-million loss. Monthly losses were reported to exceed N$20 million. Liabilities exceed assets by N$133.2 million at the time of an Ombu Capital report. The Ombu Capital report, which analyses Meatco’s situation, concludes that the company is faced with an existential threat. The report says Meatco’s operational existence and the livestock sector, which sustains over 60% of Namibia’s livelihoods, are at risk. Kakujaha-Matundu calls on the government to be transparent about how the funds align with the recommendations of the Ombu report. Kakujaha-Matundu is equally sceptical about TransNamib. “The N$320 million clearly falls short of the close to N$2 billion needed to refurbish the railroad. Little money thrown at big problems often does little to solve them,” he says. He warns that any funds allocated must not be lost to corruption or maladministration. “Let those entities so bailed out try to do more with less,” he says. The post Meatco, TransNamib a cancer – economists appeared first on The Namibian.

#Economics #Namibia #Meatco #TransNamib #NationalBudget

NamRA reaffirms commitment to revenue mobilisation The Namibia Revenue Agency (NamRA) has pledged to intensify its efforts to mobilize domestic revenue in support of the N$106.3 billion national budget for the 2025/26 financial year, tabled by Finance Minister Ericah Shafudah. In a statement issued by Commissioner Sam SHIVUTE, NamRA commended the minister for her leadership and

#NamRA #RevenueMobilisation #Namibia #NationalBudget #FinanceMinister

E-invoicing system set to modernise tax administration Niël Terblanché The Namibia Revenue Agency (NamRA) has pledged its continued support in ensuring that the government’s fiscal agenda is adequately resourced, following the recent tabling of the national budget by the Minister of Finance and Social Grants Management, Ericah Shafudah. NamRA’s commissioner, Sam Shivute, commended the Minister’s presentation of the N$106.3 billion national budget for the 2025/2026 financial year and reaffirmed the agency’s role in securing the funds necessary for delivering on the country’s policy objectives. He said that NamRA remains fully aligned with the government’s drive to mobilise domestic revenue in a manner that strengthens the national economy. “In her budget statement, the finance minister outlined an important initiative to modernise tax administration through the introduction of an e-invoicing system for VAT-registered persons. NamRA has already completed research and benchmarking for this system, which is on track for rollout in April 2026,” he said. He added that the new electronic invoicing system is expected to streamline operations for taxpayers and improve efficiency within the tax ecosystem. According to Shivute, the new platform will help reduce administrative costs, enhance data accuracy and tackle VAT-related fraud. Shivute also acknowledged the positive remarks made by the minister concerning the ongoing Tax Amnesty Programme. The initiative, which began in April 2023 and is set to continue until 31 October 2026, has already resulted in N$3 billion in collections across various tax categories. He stressed the importance of public cooperation in sustaining the agency’s gains, especially in the face of challenges within the broader economic environment. “The Minister also praised NamRA’s strong drive in mobilising domestic revenue resources, which ensured that the Fiscus was able to meet its obligations despite revenue headwinds, especially from the diamond sector,” he said. Shivute encouraged individuals and businesses to support the agency’s efforts by embracing a culture of voluntary tax compliance. “By working together, we can build a resilient economy and secure a better future for all,” he added. He acknowledged the contribution of the NamRA Board and the broader team. “I would like to thank the NamRA Board for the leadership and guidance provided, while we celebrate the entire NamRA team for serving with passion in capacitating the State to deliver on its developmental agenda,” he said. Shivute added that the budget announcement and NamRA’s response come at a time when fiscal discipline, modernised systems, and strategic tax collection are seen as central to Namibia’s broader economic plans. “With reformative steps such as the e-invoicing system on the horizon, the NamRA is positioning itself to further align with international best practices while strengthening domestic revenue streams,” he added.

#EInvoicing #TaxAdministration #NamRA #FinanceMinister #NationalBudget

Elon Musk’s Mission to Take Over NASA—and Mars The billionaire is in position to speed up plans for a voyage to the planet, with a potentially huge impact on SpaceX.

In-depth look by #EmilyGlazer at #Musk scheme to take over #NASA via #JaredIsaacman & #MichaelAltenhofen and divert #NationalBudget to #SpaceX from #Artemis for unproven #Starship and pointless #MissionsToMars, which has no #magnetosphere and can't sustain #LifeOnMars. #Trump loves it. #DOGE #Mars

Budget doesn’t reflect Nandi-Ndaitwah’s job creation promise – Hei The 2025/26 national budget does not adequately address President Netumbo Nandi-Ndaitwah’s recent promises regarding job creation, economic analyst Salomo Hei has said. Hei, who is the managing director of research firm High Economic Intelligence, said on Thursday after the tabling of the national budget that the budget statement lacked clear indicators of how spending would align with the president’s stated priorities. “One would have wanted to see that the budget statement speaks to some of those issues the president promised in respect to giving the confidence of how the spending pattern will flow,” he said. Hei also raised questions about the operational implications of newly merged ministries, such as the Ministry of Industrialisation, Mines and Energy. “One would have also wanted to see what is going to happen with the Air Namibia issue because essentially, those are important areas from a policy perspective,” he stated. Hei further said there was also no mention of a new state-owned entity that would manage government assets. “We also still see the education sector and the youth sector getting different allocations. What does that mean in terms of operational functionalities?” he asked. The functions of education, innovation, arts and culture received the highest allocation of N$24.8 billion, while the sport, youth and national service functions, which also fall under the education ministry, will receive N$1.3 billion. The post Budget doesn’t reflect Nandi-Ndaitwah’s job creation promise – Hei appeared first on The Namibian.

#Namibia #JobCreation #Budget2025 #EconomicAnalysis #NationalBudget

Record N$1.3 billion allocated to sport and youth development The directorates of sport, youth, national service within the Ministry of Education, Innovation, Sports, Youth, National Service, Arts, and Culture received a significant boost, with a N$1.3 billion budget allocation for the 2025/26 financial year. Finance Minister, Ericah Shafudah, made the announcement when she tabled the N$106.3 billion national budget in the National Assembly on Thursday. The allocation to sport, youth, and national service represents an increase of over N$600 million from the N$679.4 million received for the previous financial year (2024/25). Shafudah noted that of the N$1.3 billion, N$200 million is budgeted for the construction of Category Two stadiums across the country, N$200 million for basic sports infrastructure, and N$50 million for sports leagues. Additionally, the allocation considered support for various youth programmes focused on skills development and capacity building. The finance minister added that the 2025/26 budget prioritised allocations to promote economic development, protect social spending, and enhance domestic food production. “In this context, the budget allocations are aimed primarily at sustaining ongoing operations while addressing critical emerging issues,” Shafudah said. The post Record N$1.3 billion allocated to sport and youth development appeared first on The Namibian.

#SportsDevelopment #YouthEmpowerment #NationalBudget #Namibia #SportsInfrastructure

Locals react to budget speech Locals react to budget speech NBC Online Thu, 03/27/2025 - 20:59

#Budget2025 #FinanceMinister #EconomicResponse #LocalVoices #NationalBudget

Finance Minister presents a National Budget of n$106.3 billion Finance Minister presents a National Budget of n$106.3 billion NBC Online Thu, 03/27/2025 - 18:09

#Budget2025 #NamibiaFinance #NationalBudget #EconomicGrowth #FinanceMinister

Shafudah present her first national budget Niël Terblanché Less than a week after her appointment by President Netumbo Nandi-Ndaitwah, the Finance and Social Grants Management, Erica Shafudah is set to present Namibia’s 2025/26 national budget to the National Assembly on Thursday. Wilson Shikoto, the spokesperson for the finance ministry, said the prompt action stresses the government’s commitment to addressing the nation’s financial and developmental priorities without delay. “The upcoming budget will delineate the government’s financial roadmap, encompassing revenue projections, expenditure plans, and borrowing strategies,” he said. Shikoto said that it would also outline key priorities aimed at steering the country’s economic direction for the fiscal year ending 31 March 2026. Traditionally, Namibia’s national budget is tabled in February or March, aligning with the conclusion of the government’s financial year, which runs from 1 April to 31 March. This schedule facilitates a seamless transition into the new fiscal period, ensuring that public sector financial needs are met efficiently. The forthcoming budget presentation follows the mid-term budget review delivered in October 2024 by then-Finance Minister Iipumbu Shiimi. During that review, Shiimi reported a 1.89% increase in revised revenue, bringing the total to N$92.1 billion, and a 1.3% rise in revised expenditure, totaling N$101.38 billion. The budget deficit was adjusted downward by 3.0%, which reflected the government’s efforts to balance fiscal responsibility with developmental needs. At the time, Shiimi emphasised the importance of investing in climate-resilient infrastructure and implementing strategies to mitigate and adapt to climate change, especially in light of reduced economic growth forecasts due to a downturn in diamond demand and severe drought conditions affecting the mining and agriculture sectors. Like previous years, all stakeholders and citizens alike will be keenly observing how the new fiscal policies build upon previous frameworks to address ongoing economic challenges and opportunities within Namibia.

#Namibia #NationalBudget #Finance #EconomicDevelopment #Government

National budget to be tabled on Thursday THE minister of finance and social grant management, Erica Shafudah, will table the national budget in parliament on Thursday. “The national budget is set to appropriate amounts of money ensuring the fulfillment of the state’s financial needs,” says Wilson Shikoto, the ministry’s spokesperson. The national budget is customarily tabled in February or March, followed by the mid-term expenditure framework later in the year. This aligns with the end of the government’s financial year, which runs from 1 April to 31 March. The post National budget to be tabled on Thursday appeared first on The Namibian.

#NationalBudget #Finance #Parliament #EconomicPlanning #GovernmentSpending