30
Oct
Allexer Namundjembo Finance Minister Iipumbu Shiimi has proposed expenditure adjustments to address the most pressing emergencies facing the nation. During his mid-term budget review address on Wednesday, Shiimi announced that these measures would be implemented by reallocating additional revenues and funds from projects with low execution rates. Shiimi emphasised that the proposed adjustments in the FY2024/25 Mid-Year Budget Review would help mitigate potential risks and maintain macroeconomic stability while supporting social sectors. “In the recently released World Economic Outlook, the International Monetary Fund (IMF) projects global economic activities to grow by 3.2 percent in both 2024 and 2025, a mild…