As of September, the goverment has spent N$47 billion of the N$87 billion that was appropriated.
Speaking during the tabling of the mid-term budget review in parliament on Thursday, minister of finance Ericah Shafudah said this is an execution rate of 53.5%.
“As at September goverment expenditure was standing at N$47 billion,” said Shafudah.
She added that the economy is growing but at a slower than expected rate.
“Global tensions are affecting our economies. However, Namibia’s ecomomy continues ro expan
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