Increase in pensions would have cost taxpayers an extra N$5.2 billion

Martin Endjala Finance and Public Enterprise Minister, Iipumbu Shiimi, says if the government was to honour the wish of late President Hage Geingob to increase old age pension to N$3,000, then an additional N$5.2 billion would have had to be availed compared to the current allocated N$4.8 billion for the 2024/25 financial year The plan would then have cost a total of N$10 billion. Shiimi was responding to the budget contributions and concerns raised by members of Parliament this week. He said the government fully recognises the dream of the late President for a significant increase in old age pension,…