National budget tabled in Parliament

Author: 
NAMPA

The 2018/19 National Budget was tabled in the National Assembly on Wednesday.

The total budget for the 2018/19 financial year is N.dollars 58 489 011 000, compared to N.dollars 62.5 billion last year.

Tabling the budget, Minister of Finance Calle Schlettwein said the budget will focus on shared prosperity, growth, less inequality and improved service delivery and will be pro-poor.

He said the budget comes after the Namibian economy endured its most precarious phase and is at a turning point.

"It is a fiscal proposition to further consolidate non-core spending and align resources to core national priorities," he stated.

Schlettwein also indicated that the budget would offer policy consistency with the pro-growth, pro-poor policy stance of long duration.

He furthermore said the 2018/19 National Budget was anchored on decisions taken in 2016 to ensure fiscal sustainability and protect macroeconomic stability, stabilised public finances and a resilient domestic revenue.
The minister said key macroeconomic fundamentals have strengthened since 2016, fast closing the current account and trade deficits.

"Our policy interventions have reinforced the automatic stabilisers and yielded positive results. Domestic economic fundamentals are strengthening and the improving global economic and financial landscape offer a favourable environment for policy effectiveness," he said.

The Ministry of Education, Arts and Culture (MEAC) received the largest allocation of the 2018/19 financial year National Budget, tabled by Minister of Finance, Calle Schlettwein in the National Assembly on Wednesday.

MEAC was allocated more than N.dollars 13 billion, which is N.dollars 2 billion more than the N.dollars 11 billion it received during the 2017/18 financial year.

Schlettwein said the amount appropriated for Government ministries and institutions for this financial year totals N.dollars 65 billion.

"The economy has now rebounded to positive growth territory with a potential boost on jobs and incomes after a mild contraction in 2017," he said.

Health and Social Services received the second largest allocation of more than N.dollars 6.5 billion; an increase of N.dollars 500 million compared to N.dollars 6 billion assigned last year.

Following is a breakdown of all allocations per ministry compared to the 2017/18 financial year in brackets.

~Office of the President: N.dollars 411 510 000 (604 584 000)

~Office of the Prime Minister: N.dollars 365 007 000 (521 167 000)

~National Assembly: N.dollars 112 538 000 (134 824 000)

~Office of the Auditor-General: N.dollars 106 399 000 (112 683 000)

~Ministry of Home Affairs and Immigration: N.dollars 609 359 000 (619 926 000)

~Ministry of Safety and Security: N.dollars 5 171 800 000 (5 021 327 000)

~Ministry of International Relations and Cooperation: N.dollars 884 175 000 (802 702 000)

~Ministry of Defence: N.dollars 5 959 615 000 (5 683 569 000)

~Ministry of Finance: N.dollars 4 045 554 000 (4 104 680 000)

~Ministry of Education, Arts and Culture: N.dollars 13 483 065 000 (11 975 672 000)

~National Council: N.dollars 100 381 000 (115 177 000)

~Ministry of Gender Equality and Child Welfare: N.dollars 1 212 373 000 (1 297 444 000)

~Ministry of Health and Social Services: N.dollars 6 537 1 02 000(6 514 579 000)

~Ministry of Labour, Industrial Relations and Employment Creation: N.dollars 194 763 000 (143 877 000)

~Ministry of Mines and Energy: N.dollars 264 321 000 (207 925 000)

~Ministry of Justice: N.dollars 304 829 000 (423 429 000)

~Ministry of Urban and Rural Development: N.dollars 2 151 702 000 (1 952 362 000)

~Ministry of Environment and Tourism: N.dollars 402 064 000 (447 364 000)

~Ministry of Industrialisation, Trade and SME Development: N.dollars 347 778 000 (635 219 000)

~Ministry of Agriculture, Water and Forestry: N.dollars 2 137 075 000 (2 186 404 000)

~Judiciary: N.dollars 366 348 000

~Ministry of Fisheries and Marine Resources: N.dollars 258 606 000 (296 612 000)

~Ministry of Works and Transport:
- Works: N.dollars 662 237 000 (477 076 000)
- Transport: N.dollars 3 474 598 000 (3 723 994 000)

~Ministry of Land Reform: N.dollars 476 186 000 (453 424 000)

~National Planning Commission: N.dollars 160 995 000 (176 984 000)

~Ministry of Sport, Youth and National Service: N.dollars 288 287 000 (384 963 000)

~Electoral Commission of Namibia: N.dollars 68 968 000 (66 914 000)

~Ministry of Information and Communication Technology: N.dollars 345 897 000 (433 681 000)

~Anti-Corruption Commission: N.dollars 60 955 000(59 375 000)

~Ministry of Veterans Affairs: N.dollars 608 626 000 (921 349 000)

~Ministry of Higher Education, Training and Innovation: N.dollars 3 232 858 000 (3 066 502 000)

~Ministry of Poverty Eradication and Social Welfare: N.dollars 3 439 013 000 (3 276 826 000)

~Ministry of Public Enterprises: N.dollars 42 280 000 (57 823 000)

~Attorney-General: N.dollars 201 747 000 (240 733 000)



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