The Minister of Finance has said the government does not borrow money for consumption purposes, adding that domestic revenue is sufficient to cover operational expenses.

This was Ericah Shafudah's response to concerns raised by members of parliament regarding the recently tabled Appropriation Bill.

Namibia's total budget requirement to meet its Universal Health Coverage targets is estimated at N$16.1 billion. 

The Namibian government spends around N$7 billion yearly on social grants, with old-age pensions accounting for nearly half of the total. 

Michael Humavindu, the Executive Director in the Ministry of Finance, cautions that raising the pension to a mere N$2,000 could push the bill close to N$9 billion.

The Namibian Cabinet has authorised the sale of the ageing government jet, Falcon V5-NAM, which is currently valued at N$95.9 million.

This was announced as part of the latest Cabinet decisions, following a decision-making meeting.