Namibia: Taxpayers Face N$11.8bnin State-Backed Debt

Namibia: Taxpayers Face N$11.8bnin State-Backed Debt

State-owned enterprises are paying less to the government while taxpayers remain exposed to N$11.8 billion in state-guaranteed debt, as falling mining revenue adds pressure to public finances.

Taxpayers face N$11.8bnin state-backed debt

State-owned enterprises are paying less to the government while taxpayers remain exposed to N$11.8 billion in state-guaranteed debt, as falling mining revenue adds pressure to public finances. The amount is equivalent to 4% of Namibia’s gross domestic product, highlighting the financial risk the government faces if public enterprises struggle to repay their loans. The pressure […]