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.
In response to the high cost of living, the Tsumeb Municipality has approved a budget of N$171 million for the 2023–2024 financial year.
The budget aims to strike a balance between residents' needs, future planning, and investments.
Additionally, residents can breathe a sigh of relief as the municipality announces that there will be no increases on rates and taxes, sewerage, refuse, water, building plan fees, or fitness certificates.
A N$40 million budget has been allocated for the procurement of textbooks, and these funds will be transferred to the regions next month.
The Minister of Education, Arts, and Culture, Anna Nghipondoka, acknowledged the challenges associated with textbook development and expressed the ministry's recognition of these difficulties.
Minister Nghipondoka revealed that the procurement process for textbooks has already commenced in the regions and will be expedited with the urgency it deserves.
