Economists have largely reacted positively to the Mid-term Budget Review tabled in Parliament by Finance Minister, Calle Schlettwein, on Wednesday.
Government has effectively closed the curtain on the much-talked about Kudu Gas to Power Project after Finance Minister, Calle Schlettwein, said it should be abandoned.
The Windhoek Observer is in possession of several documents which show that the Minister of Finance, Calle Schlettwein, was privy to the Angolan property deal between the trade ministry and Afrikuumba despite the minister claiming ignorance when he cancelled the deal on Monday.
The Ministry of Finance announced Wednesday that it had extended the duration of the Tax Arrear Recovery Incentive Programme to Tuesday, 03 April 2018.
The Government has set in motion plans to partially list some of its ailing commercial enterprises by next year, Minister of Finance, Calle Schlettwein, has said.
Minister of Finance, Calle Schlettwein, says Treasury has no problem compensating families whose houses were demolished by the Katima Mulilo Town Council, if it is found that demolition of the illegal structures was not done according to the law.
Attorney General, Sackeus Shanghala, has brushed aside protests by Finance Minister, Calle Schlettwein, by ordering the release of N$31 million to a group of UK-based lawyers, who included questionable administrative charges in their invoices.
Tax experts have welcomed the decision by Finance Minister, Calle Schlettwein, to leave tax rates unchanged in the short term, saying such a move will act as a stimulant to the ailing economy.
Namibia is now more vulnerable to external shocks than before, due to limited monetary and fiscal policy space, an analysis of the economy by IJG Securities has revealed.