PLASTIC LEVY RAISED NEARLY N$250 MILLION IN FIVE YEARS

Breadcrumb

The Minister of Environment, Forestry and Tourism, Indileni Daniel, has revealed that through the environmental levy on lightweight plastics, the government has generated revenue of close to N$250 million over the past five years.

NAMIBIA FACES FISCAL PRESSURES

Breadcrumb

Namibia's fiscal position is said to be weak, with limited fiscal buffers, failing revenues and high spending needs. 

It is for this reason that the prime minister says the government has committed to reducing the fiscal deficit from 5.5% of Gross Domestic Product (GDP) in 2026/27 to 3.3% by 2028/29.