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.

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.