Swapo Party's Nono Katjingisiua described the national budget as a well-balanced and pragmatic response to Namibia's socio-economic challenges and opportunities.

Katjingisiua highlighted the budget's focus on critical issues such as housing, education, unemployment, inequality, and health.

nbc News spoke to people from various quarters of society for a reaction to the national budget tabled today by Finance Minister Ericah Shafudah.

The Minister of Finance and Public Enterprises, Iipumbi Shiimi, engaged key industry players in the financial sector to discuss the implications of the recently tabled national budget. 

Finance and Public Enterprises Minister Iipumbu Shiimi says the projected economic recovery is not expected to address pervasive and entrenched national challenges.

Tabling the national budget, Shiimi said it is therefore urgent that Namibia's economy be diversified.

The Public Debt Servicing Bill has increased beyond the levels anticipated in the National Budget.

Finance Minister Iipimbu Shiimi says this is commensurate with a rising debt portfolio coupled with the prevailing tight financial conditions.