Further fiscal slide can be costly for Namibia: PSG

Moody’s Investors Service (Moody’s) is concerned about the possibility of further fiscal slippage, following a sizeable N$6,3 billion shortfall in total revenue in the 2016/17 financial year and the adverse effects this could have on the government’s debt-servicing costs.

The country’s trade deficit is expected to narrow further this year, PSG Namibia Analyst and Equity Strategist, Eloise du Plessis, has said.

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