By: Nghiinomenwa-vali Erastus

 

The gap (budget deficit) between the government’s planned expenditure and its expected revenue for the 2026 Financial Year is expected to widen from N$12.8 billion to N$15.8 billion.

 

As a result, together with other financial commitments made by the government, the amount of money to be borrowed this financial year will increase from N$29.8 billion to N$33.6 billion. This is to fund the national budget of N$106.1 billion for the FY2025/26, catering to the government’s growing operational needs.

 

This is according to the Mid-Year Budget Review (MYBR) 2025/26 Borrowing Strategy summary released by the Bank of Namibia (BoN), which borrows on behalf of the government.

continue reading