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allafrica - 9 days ago

Namibia: Fiscal Consolidation Stays the Course Despite Economic Headwinds - Schade

[New Era] Windhoek -Despite prevalent economic headwinds which have an adverse impact on revenue collection, government is staying the course to rein in the fiscal deficit and total public debt, as announced by Minister of Finance, Calle Schlettwein, when he presented the fourth Mid-year Budget Review at the end of October. This is according to local economist, Klaus Schade, who has noted that the mid-year review is not a proposal for allocation of additional funds, but instead serves two purposes: firstly to propose internal

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