Tabling of national budget postponed

Newly appointed finance minister Ipumbu Shiimi has confirmed that the 2020 Appropriation Bill will be delayed until further notice.

The decision is a direct result of the state of emergency declared by president Hage Geingob on 18 March 2020 in response to the deadly and fast-spreading COVID-19 virus.

Meanwhile, the finance ministry has requested all government entities to comply strictly and to continue utilizing proper authorisation procedures, as well as to continue applying prudent financial management measures during the state of emergency and beyond.

Since the outbreak of COVID-19 analysts have been calling for a massive stimulus package to mitigate the impact of the coronavirus disease, but also to boost the Namibian economy which has been in recession for close to four years.

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