A significant portion of government debt is due for repayment over the medium term.

The N$14.3 billion Eurobond, due on October 29, 2025, is the largest single-day debt maturity in the history of Namibia.

Tabling the National Budget 2024/25 in the National Assembly, Finance and Public Enterprises Minister Ipumbu Shiimi pointed out strong growth in the gross domestic product, supported by improvements in tax collection measures by the Namibia Revenue Authority. These, he said, have led to significant improvements in several revenue streams. 

Local economist Theo Klein says it's time income taxpayers hold the government accountable for how it manages revenue derived from taxes.

The second-highest share of tax revenue is derived from income-added tax.

"In 2010, we had about N$11 billion in debt, and at the moment we have about N$130 billion in debt. That means, since 2010, GRN has been borrowing N$29 million every single day, including weekends, for the last 12 years. We want to know where this money is going because it's a sizable amount given our small economy and population."