Namibia reviews implementation of N$8.5bn in investment
By the AFREEQUE newsroom, based on Observer24
Namibia’s 2026-2027 mid-year budget review is expected to examine implementation of the Namibian dollar 8.5 billion earmarked for development, public revenue and state liquidity. Presented on Thursday by the finance minister, it is also expected to review funds allocated to fighting foot-and-mouth disease, according to Observer24, which cites Deloitte Namibia officials.
Namibia’s finance minister is due to present the 2026-2027 mid-year budget review on Thursday, which will notably examine the implementation of a Namibian dollar 8.5 billion development budget. The document is also expected to review public revenue, state liquidity and funding for the fight against foot-and-mouth disease, Observer24 reports.
Deloitte Namibia expects information on the implementation of major investment projects and measures intended to strengthen revenue collection. The government had forecast Namibian dollar 89.8 billion in revenue for the 2026-2027 financial year, an increase of 2.5% year on year.
The increase in VAT credit repayments has put greater pressure on public finances and led to payments to the state’s creditors being rationed, according to Lazarus Amukeshe, an assistant manager at Deloitte Namibia. The review is also expected to clarify the financial consequences of the foot-and-mouth disease outbreak for the livestock sector.
The budget review comes after the announcement of Namibian dollar 90 million in funding for football, published on 9 October, amid increased scrutiny of public spending.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
