By: Nghiinomenwa-vali Erastus
After fluctuating between N$60 billion and N$86 billion for eight years, the treasury, under the guidance of the central government, has propelled the national budget by approximately N$10 billion, reaching the significant N$100 billion mark.
This increase, from N$89.0 billion in the current financial year, signals an intention to allocate more funds towards social and economic commitments, as well as servicing interest and debts compared to previous financial years.
While some analysts and political parties view this as a campaigning tactic, this budget will also witness national debts soaring to an estimated N$165.8 billion, or 60.1% of GDP, during the 2024/25 financial year.
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