Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698746934819.pdf (Namibia)
Parliamentary comments on 2013/2014 budget and MTEF / /.

J j1C';V' ~~64(Cqe - '/ Congratulations to Finance Minister SaaraKuugongelwa-Amadhila proposed expenditure seeks to build skills and capacity in our country which augurs well for the future of this great nation, on a progressive budget.
The ~,-,,~ My views on the budget are centered around the man in the street's views and how this budget affects our every-day lives also how we will be directly uplifted by budgetary announcements: I laud the minister's plans for changes to the revenue, and in particular note the following: The increase of the tax threshold and reduction of Individualll)come Tax rates and brackets will certainly have a positive effect on individuals.
Taxpayers will benefit not only in terms of disposable income but this will also uplift the spirits of salary and wage earners who struggle to come to terms with rising prices.

Many employees and private income earners at entry level positions, up to N$50,000 per annum, need not worry about tax, but the benefits have also been passed onto all but the highest tax bracket.
The reduction in transfer duty brackets and rates will hopefully stimulate and allow more people to invest in their own piece of our land.
First time homeowners are now able to purchase property up to N$600,000 without worrying about the costs of transfer not properly disclosed to first-time buyers when they are assessing affordability, that is often The corporate tax rate reductions will send a signal to corporates that the government committed to promoting a fair and comparable environment for the private sector.
is I am very excited about the introduction of the environmental are a major concern internationally, and those companies and individuals that are raping our levy tax.

Harmful emissions environment should pay their share and be encouraged to find innovative ways to reduce their carbon footprint.

Budget deficit "J 5i-'MUn ,,' /16"" / The Budget deficit 2012/2013 MTEF.
is to set to increase 6.4% of GDP compared to 2.8% of GDP in the Although initially this raised alarm bells, when I delved deeper into the Minister's rationale for the deficit I began to see her point of view.

Traditional Keynesian economists strongly believe that government counter-cyclical recessionary cycles and some believe that this could also stimulate future super-qrowth by creating employment.
spending can reduce the time economies spend in The main increases in spending certainly seem to support healthcare, education and infrastructure is prominent.

this view as MTEF growth in My concern would be that some of this deficit will be funded by drawdown reserves, which although this always poses a risk relating to the balance of payments, hopefully the benefits in capital spend to raise and uplift our people and the economy over future years will be worth the chance.

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Medium Term Expenditure Framework (MTEF) In the MTEF framework I have identified a few of my key highlights which will directly impact the individual.

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