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Namibia owes N$165.9 billion

Summary by The Namibian

At the end of February, Namibia’s debt stock stood at N$165.9 billion. This represents 62% of the gross domestic product (GDP). The International Monetary Fund (IMF) has recommended that an acceptable debt-to-GDP ratio, a common benchmark for developed countries, is around 60%, with 40% suggested for developing and emerging economies. Minister of finance and social grants management Erica Shafudah says the budget includes N$13.7 billion in inter…

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Importers owe NamRA more than N$1 billion in taxes – News Stand

Niël Terblanché The Namibia Revenue Agency (NamRA) issued an urgent call for taxpayers to settle deferred import Value Added Tax (VAT) accounts, revealing that more than 5 000 entities owe the state more than N$1 billion. NamRa’s spokesperson, Yarukeekuro Ndorogaze, in the notice issued on Monday, said that the February 2025 review by NamRA found that 5 182 taxpayers had outstanding VAT on imports. Of these, 187 accounts with debt ranging between

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