namibia, esercizio 2018/19: taglio spesa pubblica per oltre 1 miliardo

GOVERNMENT spending will be cut by more than N$1 billion during the 2018/19 financial year, but Namibia's state debt will still continue to balloon over coming years, it is envisaged in the national budget that finance minister Calle Schlettwein tabled in parliament yesterday.

The budget provides for total government spending of N$65 billion in 2018/19 – N$1,05 billion less than the revised estimate of N$66,05 billion in total spending during the 2017/18 financial year. With revenue of N$56,7 billion budgeted for in 2018/19, government will be confronted with a budget shortfall of N$8,3 billion. That will amount to about 4,5% of Namibia's gross domestic product, and represents an improvement on the revised estimated budget deficit of N$9,2 billion (5,4% of GDP) in the 2017/18 financial year. 

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