The proposal is questionable, and it comes at a time when people are facing undue hardship, including a high cost of living. As such, Namibians see themselves as being caught between the devil and the deep sea. The introduction of tollgates become another punishment for Namibia.
In its report, the IMF trimmed its 2023 global GDP growth forecast to 2.7%, 0.2 points down from July expectations. Its world growth forecast for this year remains unchanged at 3.2%.
The mid-term budget review plays a critical role in the entire budgetary process because it sets the tone for the fiscal framework for the next main budget.
First, let us define what economic success is. Economic success includes employment generation, higher earnings per capita, the number of people pulled up from below poverty, higher gross fixed capital formation by not just industries, but households as well and few others.
There is strong pressure to improve the performance and quality of services delivered by SOEs. Namibia State-Owned Enterprises are facing a wide range of issues, from insolvency, weak accounting systems, and the corporate governance issues.
The finance minister, Iipumbu Shiimi, will present the mid-term budget review on 26 October 2022. The budget review 2022 will coincide with the Monetary Policy Committee meetingvof the Bank of Namibia.
We need to understand that tough economic times drive more people to commit suicide and crime. It is not only alcohol that is dangerous when mixed with drivers on the road. Financial stress and depression, amongst other things, can impair your ability to fully function as a driver.
The Namibia Statistics Agency (NSA) released the results of the Gross Domestic Product (GDP) for the second quarter of 2022, at a media briefing held on the 28 September 2022, //Kharas region.
It is beyond any doubt that the African Sovereign Africa Rating (SAR) agency implied a very important step forward towards African integration – not only when seen from an economic point of view but also politically.
While not all debt is bad, as a nation, we need to understand that it comes with much responsibility.