By: Nghiinomenwa-vali Hangala
For every N$100 the state collects, around N$16 is spent on interest payments before a single teacher, clinic or road is paid for according to analysis done by Monasa Advisory and Associate.
The firm poked holes in the country’s continuous budget deficit and the increased borrowing as a strategy to meet budget shortfalls.
In their Monasa Monitor Publication, the research institution has indicated that even though the country’s debts are largely from local lenders, the interest burdens don’t change.
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