By: Nghiinomenwa-vali Hangala
The Treasury will be decreasing the budgetary allocation of low-performing projects to support the most urgent priorities.
This is to avoid the national operational budget of FY2025/26 going beyond N$89.4 billion as initially planned, in turn avoiding fiscal slippage in a financial year faced with fiscal issues.
The national treasurer, Ericah Shafudah, tabled her medium-term budget policy statement yesterday.
“In addressing these concerns within the revised revenue constraints, prioritisation of activities was considered and a reallocation of funds within and between the appropriated votes ceilings,” she stated.
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