Elections

 

Public Debt Servicing Bill increases

Breadcrumb

The Public Debt Servicing Bill has increased beyond the levels anticipated in the National Budget.

Finance Minister Iipimbu Shiimi says this is commensurate with a rising debt portfolio coupled with the prevailing tight financial conditions.

Shiimi pointed out that, as a result, interest payments have increased by N$1.7 billion to N$11.8 billion for the 2023–2024 financial year.

This equals 15% of the projected revenues for this financial year.

Tsumeb Municipality approves N$171 million budget

Breadcrumb

In response to the high cost of living, the Tsumeb Municipality has approved a budget of N$171 million for the 2023–2024 financial year.

The budget aims to strike a balance between residents' needs, future planning, and investments.

Additionally, residents can breathe a sigh of relief as the municipality announces that there will be no increases on rates and taxes, sewerage, refuse, water, building plan fees, or fitness certificates.