Finance Minister tables additional N$4 billion for 2022–2023 financial year


The Minister of Finance, Iipumbu Shiimi, has tabled an additional budget of N$4 billion in the National Assembly for the financial year 2022–2023.

In his mid-term budget adjustment, Iipumbu increased the operational budget from N$56.6 billion to N$60.1 billion.

The development budget increased slightly from N$5 billion to N$5.5 billion.

Shiimi tabled this year's mid-term budget with a promising tone, with projected slight economic growth, improved tax collection, growing revenue generation, and downward revised national debts, among others.