Friday, February 29, 2008

‘Revenue Will Overshoot Expenditure’

NewEra.com.na: "Economists expect a significant increase in the total revenue and a budget surplus due to the rise in the Southern African Customs Union (SACU) receipts, than projected for the 2008/9 financial year.

RMB Namibia CEO, Martin Mwinga, said the Government is financially sound, running at a surplus, with a debt to GDP decline of 24 percent last year from close to 40 percent five years ago, and “has the capacity to borrow and enough capacity to repay”."