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

By: Nghiinomenwa Hangala

According to the Bank of Namibia’s domestic debt security updates, domestic lenders have invested N$150.9 billion of their savings into the government to date, via  bonds (fixed income and inflation-linked) and treasury bills, which are short term assets, as the country’s budget deficit continues to expand.

The central bank announced that the government’s domestic debt rose, month-on- month and year-on-year, at the end of February 2026.

The increase was reflected in both Internal Registered Stock (IRS) and Treasury Bills (TBs), which increased by 1.3% and 1.2% to N$103.1 billion and N$47.8 billion, respectively.

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