Shafudah calls for expenditure restraint

NAMPA

2025-10-22

WINDHOEK, 09 October 2025 - Minister of Finance Ericah Shafudah. (Photo by: Molly Weyulu) NAMPA

WINDHOEK, 22 OCT (NAMPA) – Finance Minister Ericah Shafudah on Tuesday announced that Namibia’s economic growth forecast has been revised downward to 3.3 per cent from an initial 4.5 per cent estimate.
Shafudah, while presenting the country’s Mid-Year Budget Review for the 2025/26 Fiscal Year in Parliament, attributed the slowdown to reduced output in secondary industries, particularly manufacturing, which is expected to grow by only 1.9 per cent...

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Budget Shafudah

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