Budget delayed 'until further notice'

31 March 2020 | Economics

New finance minister Iipumbu Shiimi has announced that the tabling of the 2020/21 budget will be “delayed until further notice”.
Shiimi issued a statement saying the delay is the result of the state of emergency declared by president Hage Geingob as a measure to curb the spread of Covid-19.
“To ensure that government services are not interrupted, the minister of finance will apply section 9 of the State Finance Act, Act 31 of 1991, which provides for a continuation authorisation (utilisation of an amount not exceeding 33% of the appropriation for the preceding financial year, pending the passing of the Appropriation Act by Parliament,” Shiimi said.
One of the measures of the state of emergency is that a gathering is limited to ten or less people. Parliament has therefore been adjourned until further notice.
He requested all offices/ministries/agencies (OMAs) to abide by the continuation authorisation procedures and to continue applying prudent finance management measures during the period of the state of emergency and beyond.

Similar News

 

Namibia launches new port control unit

11 hours ago | Economics

Namibia on Friday launched a new port container control unit to improve smooth flow of goods at the recently upgraded Walvis Bay port.Speaking on behalf...

South Africa unhappy with Britain’s decision

11 hours ago | Economics

SOFIA CHRISTENSENSouth Africa is seething over Britain's decision to keep the country on its coronavirus "red list," forcing travellers into a pricey hotel quarantine on...

Billionaire to make vaccines in SA

11 hours ago | Economics

Biotech billionaire Patrick Soon-Shiong on Thursday said he will begin transferring technology to make Covid-19 and cancer vaccines in South Africa.The South African-born and now...

National Consumer Protection Policy launched

3 days ago - 24 September 2021 | Economics

PHILLEPUS UUSIKUThe National Consumer Protection Policy 2020-2025 and the Namibia GS1 License was launched on Wednesday in Windhoek.According to the Minister of Industrialisation, Trade and...

Marketing Namibia as an investment destination

3 days ago - 24 September 2021 | Economics

PHILLEPUS UUSIKUThe ease of doing business, quality of roads and infrastructure, political and economic stability, good governance and judiciary independence are some of the factors...

Economy crawls into the green

3 days ago - 24 September 2021 | Economics

Jo-Maré Duddy WINDHOEKNamibia’s economy grew by 1.6% for the three months ended 30 June, the first positive year-on-year quarterly growth since the...

Nigeria aims to boost oil output

3 days ago - 24 September 2021 | Economics

Nigeria said Wednesday it aims to produce 1.88 million barrels per day of crude oil next year and the budget will be based on the...

Submissions open for Hollard Sport Awards

3 days ago - 24 September 2021 | Economics

STAFF REPORTERLockdown and the limitations on gatherings and events have driven those in the sports marketing and promotional space to have to adapt, digitise, dig...

GIPF applauded for fighting Covid-19

3 days ago - 24 September 2021 | Economics

STAFF REPORTERThe Government Institutions Pension Fund (GIPF) is proud to announce its contribution towards the fight against Covid-19 through an investment into FabuPharm (Pty) Ltd....

Economic growth positive in second quarter

3 days ago - 23 September 2021 | Economics

Jo-Maré Duddy – Namibia’s economy in the second quarter grew by 1.6% on annual basis, recovering from -6.7% the previous quarter and -11.6% in the...

Latest News

‘Agribank must be more visible...

11 hours ago | Banking

Omaheke regional governor Pijoo Nganate on Friday asked Agribank to extend its visibility in other constituencies of the region via its outreach programmes.Nganate made these...

Namibia launches new port control...

11 hours ago | Economics

Namibia on Friday launched a new port container control unit to improve smooth flow of goods at the recently upgraded Walvis Bay port.Speaking on behalf...

The storm is over

11 hours ago | Health

TUYEIMO HAIDULA ONDANGWA The corridors are empty. There is moment of stillness here at Ondangwa Private Hospital’s Covid-19 ward in the Oshana...

34 teachers charged for sexual...

11 hours ago | Education

Kenya Kambowe RUNDU Between 2010 and 2020, the education ministry charged 34 teachers...

Big thanks to corporate Namibia...

11 hours ago | Sports

Jesse Jackson Kauraisa Today I do not really want to pen anything negative because I feel some corporate companies have earned...

Moses calls for more support...

11 hours ago | Sports

NAMPA WINDHOEKAC Boxing founder and trainer Imms Moses is calling on the corporate world...

South Africa unhappy with Britain’s...

11 hours ago | Economics

SOFIA CHRISTENSENSouth Africa is seething over Britain's decision to keep the country on its coronavirus "red list," forcing travellers into a pricey hotel quarantine on...

Editorial: F for broken promises

11 hours ago | Opinion

President Hage Geingob’s appeal to world leaders last week to end what has been coined ‘vaccine apartheid’ and to ensure fair distribution of vaccines was...

A woman with boxing dreams...

11 hours ago | Sports

Jesse Jackson Kauraisa Young Meriam Nghiyolwa – who has been in the game for quite some time – is still chasing...

Load More