Namibia in Numbers: Where the money comes from andwhere it goes, FY ‘26/27

Source: The Namibian · 2026-10-31T06:00:00.000Z · Finance

The mid-year budget review tabled on 22 October lowered expected growth for 2026 to 2.3% from the 3.1% projected in February, mainly because diamond output is forecast to fall by more than a fifth this year. Revenue was revised down by N$1.5 billion to N$88.1 billion, only 0.8% more than the government collected last year. Mining accounts for much of the weakness, with diamond taxes and royalties expected to bring in N$414 million this year compared with N$5.8 billion in the 2023/24 financial year. Total spending was cut by N$988 million to N$105.0 billion, mostly through lower interest estimates and

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