Public Debt Servicing Bill increases
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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.