Namibia tables bigger fiscal budget for 2024/2025 financial year

WINDHOEK, Feb. 28 (Xinhua) -- Namibian Finance Minister Iipumbu Shiimi on Wednesday presented a significant budget of 100.1 billion Namibia dollars (about 5.2 billion U.S. dollars) for the financial year 2024/2025, with a central focus on continuing the legacy of late president Hage G. Geingob by prioritizing the welfare of the Namibian child.

Speaking before parliament during the budget speech, Shiimi emphasized that the total budget has surged 12.4 percent compared to the previous year's estimates. For Namibians, the financial year starts April 1 and ends March 31 the following year.