Taxpayers owe the Namibia Revenue Agency (NamRa) a staggering N$ 90 billion accumulated over the years.
NamRA's Chief of Strategic Communications, Stakeholder Engagement, and Taxpayer Education, Yarukeekuro Steven Ndorokaze, described it as a historic debt.
The Namibia Students Financial Assistance Fund (NSFAF) holds a financial asset in student loans of N$10.3 billion for the financial year that ended on 31 March 2024.
However, the auditor general's latest report on the accounts of NSFAF raised concerns over poor loan recovery management.
Prime Minister Elijah Ngurare presented a N$131.6 million budget allocation to boost transparency and accountability in the use of public funds.
Dr. Ngurare was motivating the Office of the Auditor General's budget under vote 4.
