finance minister Ipumbu Shiimi

29 May

A budget of hopes and wishes

ObserverNational Newsfinance minister Ipumbu Shiimi, State of Emergency

At the end of the day, a budget is only words on paper. One cannot spend a budget. Government has once again laid out what it wishes to spend in a fiscal year vs what it hopes will be income in that same year. In saying this, we do not in any way denigrate the hard work of Finance Minister Ipumbu Shiimi’s team. That man should be nominated for the war medal given to soldiers who take wounds in service of their country. He stood calmly before the august house and laid out the largest deficit budget a free Namibia…

Tabling of national budget postponed

ObserverObserver MoneyCovid-19, finance minister Ipumbu Shiimi, president Hage Geingob

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…