Finance Minister Ericah Shafudah will on Tuesday present the Midterm Budget Review before Parliament, outlining progress on fiscal targets and government spending for the 2025/26 financial year.
The review follows the N$106.3 billion national budget tabled in March, which represented a 4.9% increase from the previous year’s revised estimates.
The budget allocated N$79.8 billion for operational expenditure, N$12.8 billion for development spending, and N$13.7 billion for interest payments.
At the time, Shafudah said the development budget had been increased by 22.6% to N$12.8 billion to address infrastructure constraints, with N$3.2 billion to be financed through external loans and grants.
As a share of GDP, development spending stands at 4.6%, up from 4.2% in the previous year.
The Midterm Budget Review will provide an update on fiscal performance halfway through the financial year, reflecting progress on government priorities and expenditure commitments outlined in the national budget.
