GROWTH

GROWTH: Finance minister Ericah Shafudah said Namibia’s revenue growth is projected to average 5.2 percent over the Medium-Term Expenditure Framework (MTEF) period, breaching the N$100 billion mark by financial year 2027/28.

Shafudah said in previous years, the revenue projections incorporated cautious estimates of receipts from the mining sector cognisant of muted global demand and the subsequent unfavourable global commodity price developments.

“Furthermore, moderate increases in SACU revenues and several domestic revenue streams have been considered in line with the postulated growth context. Overall, we project revenue as a ratio of GDP to remain strong, averaging 32.0 percent over the MTEF,” she said.

The post GROWTH first appeared on Future Media News.

The post GROWTH appeared first on Future Media News.