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Labrish
Nyuuz
Ericah Shafudah unveils N$81.3 billion social-focused budget
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[QUOTE="Queen, post: 87850, member: 27"] Namibia's social sector just gobbled up nearly 62% of an N$81.3 billion operational budget, making it the undeniable spending heavyweight for 2026/27. Budget headline numbers [LIST] [*]Ericah Shafudah unveiled the operational budget last Thursday. [*]Spending jumped N$746 million over the prior year's outturn. [*]Efficiency cuts across ministries freed up N$2.3 billion in savings. [*]Revenue for the fiscal year sits at an estimated N$89.8 billion. [/LIST] Social sector gets the lion's share [LIST] [*]Education, health, safety nets, and youth empowerment split N$54.3 billion. [*]The education ministry alone pulls N$28 billion of that pot. [*]Subsidized tertiary education got N$2.8 billion earmarked specifically. [*]N$1.7 billion goes toward beefing up civil-servant pay structures. [/LIST] Civil-servant salary bumps [LIST] [*]Grades 15 and 14 get a flat N$700 monthly bump starting in April. [*]Grades 13 through 1 score a 5% basic-salary increase. [*]Everyone from grades 1 to 15 gets another 5% raise in 2027/28. [*]Non-management workers also land a 7% transport-allowance hike then. [/LIST] Security, development, and fiscal outlook [LIST] [*]Safety and security grabbed N$17 billion, about 19.5% of spending. [*]Development projects got N$6.5 billion in state-funded allocations. [*]SACU receipts are projected to climb to N$24.3 billion. [*]Budget deficit should shrink from 5.5% to 3.3% of GDP by 2028/29. [/LIST] [/QUOTE]
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Nyuuz
Ericah Shafudah unveils N$81.3 billion social-focused budget
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