Minister of finance Ericah Shafudah has announced a N$100 pension increase effective 1 April.
This means pensioners will now be earning N$1 700 compared to the current N$1 600.
She made the announcement during the tabling of the national budget on Thursday.
The increase will be financed through the N$12.9 billion allocated to the Ministry of Finance.
“The Ministry of Finance received a N$12.9 billion allocation for the 2026/27 financial year, of which N$447 million is to cater for a N$100 increase in pension for the elderly,” said Shafudah.
Meanwhile, N$58 million has been allocated to the improvement of the remuneration structure of political office bearers, and N$140 million to contingency provisions.
Over the medium-term expenditure framework, the ministry will receive an allocation of N$39.2 billion.
In an age of information overload, Sunrise is The Namibian’s morning briefing, delivered at 6h00 from Monday to Friday. It offers a curated rundown of the most important stories from the past 24 hours – occasionally with a light, witty touch. It’s an essential way to stay informed. Subscribe and join our newsletter community.
The Namibian uses AI tools to assist with improved quality, accuracy and efficiency, while maintaining editorial oversight and journalistic integrity.
Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for
only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!
