Debt-to-GDP ratio, a large stone with text DEBT and wooden cubes with GDP letters and bag on seesaw

By: Nghiinomenwa-vali Hangala

As of Friday last week, local investors have lent N$139.7 billion to the Namibian government to fill its budget shortfall for the past five financial years through bonds and treasury bills.

This is an increase from N$73.8  billion, which was borrowed from the domestic market at the end of 2020, according to a monthly summary prepared by the Bank of Namibia, which borrows on behalf of the Ministry of Finance.

The government’s domestic debt rose, both month-on-month and year-on-year, at the end of August 2025, the central bank revealed.

At the end of the reviewed period, domestic debt stood at N$139.7 billion, reflecting an increase of 2.3 percent from the previous month.

The increase was reflected in both Internal Registered Stock (IRS) and Treasury Bills (TBs), which rose by 2.8 percent and 1.4 percent to N$95.2 billion and N$44.0 billion, respectively.

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