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Home Business & Economy

Ministry of Finance recommends reallocation of N$2.2 billion to various Budget Votes

by editor
November 3, 2021
in Business & Economy
6
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Finance Minister Ipumbu Shiimi in his Mid-Year Budget Review speech, while tabling of the FY2021/22 Appropriation Amendment Bill, recommended the reallocation of N$2.2 billion to various Budget Votes as follows. This is against total funding requests of N$7.1 billion.

  • the Ministry of Education, Arts and Culture was allocated N$400 million to cater for underbudgeting on personnel related expenditure, ▪ the Ministry of Health and Social Services is allocated an additional N$400 million required to boost the COVID-19 response plan,
  •  the Ministry of Works and Transport was allocated N$89 million, apportioned as N$47 million to cover property rentals, N$34 million for rates and taxes, and N$5 million for personnel expenditure,
  •  the Ministry of Gender Equality, Poverty Eradication and Social Welfare was allocated an amount of N$15.3 million to support the rollout of social grants,
  •  the Ministry of Home Affairs, Immigration, Safety and Security was allocated N$27 million for fleet maintenance and for the operations of the Institute of Forensic Science,
  •  the Ministry of Public Enterprises was allocated a total of N$220.4 million to support the operations of public enterprises including the leasing of locomotives by TransNamib, settlement of debt for AgriBusDev and operational support for Namibia Wildlife Resorts, among others,
  •  the Ministry of Environment, Forestry and Tourism will receive an additional N$4 million for anti-poaching activities,
  •  the Ministry of Agriculture Water and Land Reform was allocated a total of N$7.6 million for utilities and the Agribank loan scheme,
  •  the Ministry of Defence and Veteran Affairs was allocated N$477.1 million consisting of N$458 million to meet the funding shortfall on personnel expenditure and N$19.1 million for veterans expenditure,
  • the Ministry of Finance will be allocated an additional N$230 million, consisting of N$200 million for PSEMAS funding shortfalls because of increased claims due to the third wave of COVID-19 and N$30 million for subscription fees,
  • the Ministry of Industrialization and Trade was allocated N$43.2 million for remuneration, the Integrated Client Services Facility (ICSF), utilities as well as expenditure of various public enterprises under its purview,
  • the Ministry of Information, Communication and Technology will receive N$141.7 million for the operations of the Namibia Broadcasting Corporation,
  • the Office of the Judiciary will receive N$10 million to cater for utilities and IT equipment,
  • the Ministry of Justice was allocated N$5 million to cater for witness fees,
  • the Ministry of Higher Education, Technology and Innovation was allocated N$166 million for the NSFAF operations, and
  • the Ministry of Labour, Industrial relations and Employment Creation was allocated N$1.3 million for personnel expenditure.
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