MTEF

Four billion additional budget tabled

Four billion additional budget tabled

Staff Writer The Minister of Finance has announced an additional expenditure of four billion dollars in the 2022/23 Mid-year Review Budget. Tabling the additional budget this afternoon, Iipumbu Shiimi said the additional allocations reflect pressing and urgent priorities which could not be deferred to the upcoming main budget. The additional expenditure takes the operational expenses from N$56.6 billion to N$60.1 billion. The development budget has also been adjusted upwards from N$5 billion to N$5.5 billion. The minister said that during the compilation of the review budget, ‘’additional expenditure requests to the tune of N$4 billion were received. At the same…
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