Finance Minister Ericah Shafudah will table Namibia’s 2026/27 Mid-Term Budget Review in the National Assembly on Thursday, 22 October, providing an update on government revenue, expenditure and borrowing requirements halfway through the financial year.
The review will assess the implementation of the N$104 billion national budget presented in February and indicate whether government spending and revenue collection remain in line with initial projections.
It comes against the backdrop of a projected N$14.2 billion gap between government revenue and expenditure, placing pressure on the Treasury to contain spending while meeting its financial obligations.
The original budget, tabled on 26 February 2026, projected revenue of N$89.8 billion against total expenditure of N$104 billion, with the shortfall requiring financing through borrowing and other funding arrangements.
The Mid-Term Budget Review is an assessment of the government’s financial performance during the first half of the fiscal year. It allows the Finance Ministry to revise revenue forecasts, adjust spending allocations where necessary and update borrowing requirements based on economic and fiscal developments.
Unlike the main national budget, which outlines government spending plans for the full financial year, the mid-term review measures progress against those plans and identifies areas where adjustments may be required.
For businesses, investors and taxpayers, Thursday’s review will provide an indication of whether government expects to collect enough revenue to meet its targets, whether spending pressures have increased and whether additional borrowing may be necessary.
The review will also provide an indication of the government’s progress towards fiscal consolidation, which involves controlling expenditure, managing debt and narrowing the gap between revenue and spending over time.
Shafudah’s presentation is expected to outline the government’s revised fiscal position and spending priorities for the remainder of the 2026/27 financial year.
