Finance and Public Enterprises Minister, Iipumbu Shiimi, has called on institutions to submit their annual reports on time, as required by law. 

Shiimi commended the Namibia Revenue Agency (NamRA) on the punctual submission of its 2023/2024 annual report.

The Finance Minister noted that many institutions still face challenges in submitting their annual reports on time, with some lagging behind by up to ten years. 

This is the first time NamRA has submitted its annual reports punctually, as it was still in its early stages and faced staffing shortages. 

Shiimi commended the agency for setting a benchmark for timely submission and encouraged other institutions to follow suit. 

The report, which will be presented in Parliament, provides a thorough analysis of NamRA's commitment to transparency and accountability in its operations, including the audited financial statements for the current financial year.

"Producing the annual report on time is a whole mark of transparency and accountability because you need to know how you are driving the institution. In terms of your financial performance, someone will have to check how you have managed the finances and how to account for it, and that's why we need auditors and you account for public resources that you are using. It's reasonable and in the best interest of the public and NAMRA's mandate." 

The report was audited by PricewaterhouseCoopers.