More budget transparency encouraged

An Open Budget Index compiled showed that Namibia’s score was better than the global average.
NAMPA
Ogone Tlhage - Despite ranking well when it comes to transparency regarding its budget, Namibian authorities can still do better to improve the information contained in the budget documents that are seen by members of the public, according to the Institute for Public Policy Research (IPPR) director Graham Hopwood.

An Open Budget Index compiled showed that Namibia’s score was better than the global average, attracting a score of 50. Namibia also compared favourably to Malawi, Botswana, Zimbabwe and Mozambique, which attracted far lower scores.

“Namibia’s score is in part affected by the change in definition of publicly available information which from the Open Budget Survey done in 2017 only recognises those documents that are published online on the relevant body’s official website as available to the public,” Hopwood said.

He also felt that the ministry of finance had been inconsistent in the documents made available to the public.

He acknowledged that although the availability of budget information had improved, the ministry of finance had decreased the availability of budget information by failing to publish a Citizens’ Budget and failing to produce an audit report.

“Moreover, Namibia has failed to make progress by not producing a pre-budget statement and by publishing in-year reports that only contain scant budget information and do not provide information on topics such as expenditure by classification or by revenue by category or by source,” Hopwood said.

Hopwood encouraged the government to pilot mechanisms for members of the public and executive branch officials to exchange views on national budget matters during formulation of the national budget and its implementation.

Legislative hearings

Hopwood also suggested legislative hearings on the formulation of the budget, during which members of the public or civil society organisations can testify.

According to the technical adviser to the minister of finance, Penda Iithindi, efforts were made to take into consideration public opinion into the budget.

“With regard to public consultation there are three categories of consultation on the budget,” he said.

He explained that these are the pre-budget statement public consultations in November of every year which serve as public input in the main budget formulation, consultations with industry and professional bodies and post-budget public engagements.

Ithindi also explained that most of the regional programmes are budgeted after consultations with the local and regional authorities who identify the beneficiaries, which according to him is a participatory process.

“While we will be making use of some information generated by the survey, the survey should as well generate information that satisfies the national policies and not the survey motives,” he said. - Additional reporting by Nampa

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Namibian Sun 2024-05-11

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LaLiga: Deportivo Alaves 2 vs 2 Girona SerieA: Frosinone 0 vs 5 Inter Milan Katima Mulilo: 14° | 33° Rundu: 13° | 32° Eenhana: 13° | 33° Oshakati: 15° | 32° Ruacana: 16° | 33° Tsumeb: 16° | 30° Otjiwarongo: 14° | 30° Omaruru: 17° | 32° Windhoek: 15° | 28° Gobabis: 16° | 29° Henties Bay: 14° | 19° Wind speed: 23km/h, Wind direction: S, Low tide: 11:22, High tide: 05:22, Low Tide: 23:42, High tide: 17:53 Swakopmund: 15° | 17° Wind speed: 26km/h, Wind direction: SW, Low tide: 11:20, High tide: 05:20, Low Tide: 23:40, High tide: 17:51 Walvis Bay: 15° | 23° Wind speed: 32km/h, Wind direction: SW, Low tide: 11:20, High tide: 05:19, Low Tide: 23:40, High tide: 17:50 Rehoboth: 17° | 29° Mariental: 20° | 32° Keetmanshoop: 17° | 31° Aranos: 19° | 31° Lüderitz: 12° | 26° Ariamsvlei: 14° | 29° Oranjemund: 11° | 19° Luanda: 25° | 28° Gaborone: 15° | 29° Lubumbashi: 14° | 29° Mbabane: 15° | 20° Maseru: 10° | 25° Antananarivo: 13° | 24° Lilongwe: 17° | 29° Maputo: 21° | 26° Windhoek: 15° | 28° Cape Town: 14° | 19° Durban: 18° | 19° Johannesburg: 17° | 25° Dar es Salaam: 23° | 30° Lusaka: 19° | 29° Harare: 15° | 28° Currency: GBP to NAD 23 | EUR to NAD 19.82 | CNY to NAD 2.55 | USD to NAD 18.41 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.56 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.06 | USD to AOA 834.06 | USD to BWP 13.6 | USD to EGP 47.35 | USD to KES 130.98 | USD to NGN 1439.8 | USD to ZAR 18.44 | USD to ZMW 26.75 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 77539.13 Up +0.47% | Namibian Stock Exchange (NSX) Overall Index 1733.43 Up +1.10% | Casablanca Stock Exchange (CSE) MASI 13478.23 Up +0.44% | Egyptian Exchange (EGX) 30 Index 26003.16 Up +0.05% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 360.52/OZ UP +0.59% | Copper US$ 4.62/lb UP +1.13% | Zinc US$ 2 961.00/T DOWN -0.06% | Brent Crude Oil US$ 83.21/BBP DOWN -0.0171 | Platinum US$ 995.62/OZ UP +1.05% Sport results: LaLiga: Deportivo Alaves 2 vs 2 Girona SerieA: Frosinone 0 vs 5 Inter Milan Weather: Katima Mulilo: 14° | 33° Rundu: 13° | 32° Eenhana: 13° | 33° Oshakati: 15° | 32° Ruacana: 16° | 33° Tsumeb: 16° | 30° Otjiwarongo: 14° | 30° Omaruru: 17° | 32° Windhoek: 15° | 28° Gobabis: 16° | 29° Henties Bay: 14° | 19° Wind speed: 23km/h, Wind direction: S, Low tide: 11:22, High tide: 05:22, Low Tide: 23:42, High tide: 17:53 Swakopmund: 15° | 17° Wind speed: 26km/h, Wind direction: SW, Low tide: 11:20, High tide: 05:20, Low Tide: 23:40, High tide: 17:51 Walvis Bay: 15° | 23° Wind speed: 32km/h, Wind direction: SW, Low tide: 11:20, High tide: 05:19, Low Tide: 23:40, High tide: 17:50 Rehoboth: 17° | 29° Mariental: 20° | 32° Keetmanshoop: 17° | 31° Aranos: 19° | 31° Lüderitz: 12° | 26° Ariamsvlei: 14° | 29° Oranjemund: 11° | 19° Luanda: 25° | 28° Gaborone: 15° | 29° Lubumbashi: 14° | 29° Mbabane: 15° | 20° Maseru: 10° | 25° Antananarivo: 13° | 24° Lilongwe: 17° | 29° Maputo: 21° | 26° Windhoek: 15° | 28° Cape Town: 14° | 19° Durban: 18° | 19° Johannesburg: 17° | 25° Dar es Salaam: 23° | 30° Lusaka: 19° | 29° Harare: 15° | 28° Economic Indicators: Currency: GBP to NAD 23 | EUR to NAD 19.82 | CNY to NAD 2.55 | USD to NAD 18.41 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.56 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.06 | USD to AOA 834.06 | USD to BWP 13.6 | USD to EGP 47.35 | USD to KES 130.98 | USD to NGN 1439.8 | USD to ZAR 18.44 | USD to ZMW 26.75 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 77539.13 Up +0.47% | Namibian Stock Exchange (NSX) Overall Index 1733.43 Up +1.10% | Casablanca Stock Exchange (CSE) MASI 13478.23 Up +0.44% | Egyptian Exchange (EGX) 30 Index 26003.16 Up +0.05% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 360.52/OZ UP +0.59% | Copper US$ 4.62/lb UP +1.13% | Zinc US$ 2 961.00/T DOWN -0.06% | Brent Crude Oil US$ 83.21/BBP DOWN -0.0171 | Platinum US$ 995.62/OZ UP +1.05%