- Government debt reaches $10.9bn, 65.2% of GDP
- 88% of debt is domestic, limiting forex risk
WINDHOEK, NAMIBIA – Namibia’s government debt has climbed to N$174.5 billion ($10.9bn), equivalent to 65.2% of gross domestic product, exceeding the widely cited 60% sustainability benchmark.
Finance Minister Ericah Shafudah disclosed the figure on Thursday while tabling the national budget, describing the fiscal plan as centred on “People, Productivity and Prudence”.
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