The Minister of Finance and Public Enterprises, Ipumbu Shiimi, will table the budget for the upcoming fiscal year 2024-2025 in the National Assembly tomorrow at 14:30.

The national budget encompasses government revenue, expenditure, and borrowing strategies, as well as pivotal policy priorities.

The ministry is, however, worried about an expected decrease in Southern African Customs Union (SACU) revenue, one of its major sources of income.

Accredited traders in Namibia, Botswana, Eswatini, Lesotho, and South Africa will now benefit from reduced trade costs and simplified import-export procedures.

This positive development is the result of a mutual recognition arrangement signed by the five member states of the Southern African Customs Union (SACU).

Through the agreement, the Commissioners General of Revenue Authorities in the five countries agreed to recognise one another's authorised economic operators (AEO).