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Tag: Ministry of Finance

Understanding the difference between the Ministry of Finance functions and NamRA

 History was made on 07 April 2021 when the Namibia Revenue Authority (NamRA) opened its doors for business.  The new entity takes over the responsibilities of the Inland Revenue Department and the Customs and Excise Directorate, both of which fell under the Ministry of Finance. These two departments were not only the largest but were the only ones with a regional footprint. 

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PSEMAS audit still on-going

The Ministry of Finance says the audit process of the Public Service Employee Medical Aid Scheme (PSEMAS) launched last year is still on-going, with 75 percent of the main members and 95 percent of dependents having been verified as part of measures to reduce fraud and abuse of the government employee’s medical fund.

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EIG to cost Gvt N$210m more

The Ministry of Finance has added an additional N$210 million to its initial budget of N$562 million, budgeted for disbursement under the Emergency Income Grant (EIG), a once-off N$750 cash payment per qualifying person, on the basis of meeting a set of criteria.

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