Minister of finance Ericah Shafudah has tabled a budget of N$104 billion for the 2026/2027 financial year.
The government will need to borrow about N$15 billion to meet its funding needs.
Shafudah says the majority of this money will be going to operations, which have a budget of N$81.3 billion. Meanwhile, the development budget has received N$6.5 billion.
Interest payments are expected to be around N$16.2 billion.
The biggest allocation remains education, innovation, arts and culture with N$28 billion, followed by the Ministry of Health and Social Services which has been allocated N$13.1 billion.
The third largest allocation was the Ministry of Finance which received N$12.9 billion.
“This budget is about restoring balance between ambition and affordability, between growth and stability, and between today’s needs and tomorrow’s obligations. The choices before us are difficult, but they are necessary,” says Shafudah.
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