03
Nov
Domestic debt has surged to N$8.7 billion, marking an upward revision from the initial projection of N$7.5 billion stated in the main budget. This adjustment is a response to several financial factors, including a N$579 million increase in the budget deficit, an additional cash requirement of N$273 million, and a N$323 million reduction in foreign borrowing. Consequently, the borrowing plan will be adapted accordingly. The domestic debt stock is anticipated to rise to N$114.5 billion, up from the earlier estimate of N$113.0 billion from the main budget. As a percentage of GDP, domestic debt is expected to remain relatively stable…