The Namibian Broadcasting Corporation has managed to reduce the pay-as-you-earn debt it owed the taxman to N$178 million, down from N$250 million.

The N$250 million was part of the broadcaster's historical debt, accumulated since 1996.

Director-General Stanley Similo revealed this during the 'Editor-in-Chief Reviews 2023' interview, where he laid bare the finances of the nbc and the overall operations for the year.

The nbc received about N$392 million from the government for the 2023/2024 financial year.