30
Jun
Justicia Shipena The government’s debt grew by 8.3% over the past year, reaching N$166.7 billion at the end of March 2025. This increase was mostly due to the government borrowing more through Treasury Bills and Internal Registered Stock, according to the Bank of Namibia’s (BoN) latest quarterly bulletin. As a result, the country’s debt now equals 66.3% of its total economic output (GDP), which is above the regional target of 60 percent set by SADC. However, BoN’s director for strategic communications and international relations said the central bank predicts this ratio to drop to 61.4% over the next few years.…