Namibia: Gov’t in deeper debt ditch

“The review was not an additional or new budget, but a reconsideration of spending priorities and a reallocation of funds to speak to current needs following the tabling of the government’s budget for the 2020/21 financial year in May. Shiimi said the N$72,8-billion budget as presented in May was tabled amid extreme uncertainty due to the COVID-19 pandemic and when its full effect on the economy and public finances was still unknown.”

via The Namibian