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 in the National Assembly, Finance and Public Enterprises Minister Iipumbu 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. 

The Minister of Finance and Public Enterprises, Iipumbu Shiimi, says the government has taken steps to boost the development budget significantly to enhance infrastructure and stimulate growth in the country. 

He, however, pointed out that there are acknowledged challenges in execution and procurement that need attention for more effective utilisation of the allocated funds.