Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698939535050.pdf (Namibia)
CriSIS.

The budget is to provide stimulus package to development, which is unlikely, given the amount of resources allocated to Agriculture Sectors, Youth and SME Sectors.

The sad part is that the economy continue to go down, because most businesses are struggling, workers are being reduced and incomes are down and cannot sustain operations.

The youth are not sure of the credit guarantee schemes, whether it comes with or without collaterals.

~ Taxes are going up.

~ Debt to GDP remains high.


~ Over 49% of budget goes to the social sector (of course it is an election year) .

....--r ~ Domestic economy remain in contractim, one wonders how we are going to sustain the social spending in the long run.

«- ~ Commercial public enterprises continue to be dependent on government bail-outs.

~ I am happy that sin taxes have gone up.


__ ~ The standard of living of our people continue to go down, majority of people remain to live in shacks, and no mention of building social houses is made.

~ Medical Aid Scheme contributions of public servants is expected to double payment, putting pressure on the employees, who are already vulnerable, is another sad development.

'- ~ Budget is not business friendly, given the fact that most of our businesses depends on government.