The Minister of Finance, Iipumbu Shiimi on Wednesday tabled the national budget for the financial year 2020/21 totalling N$72.8 billion from N$66.5 billion budgeted in the 2019/20 financial year.
Shiimi in a budget statement said the single-year budget reflects the commensurate urgency of addressing the elevated once-off needs arising from the impact of COVID-19 pandemic.
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Shiimi added that an emergency budget of N$727 million was front-loaded to the health sector, which the Ministry of Health and Social Services is making progress in executing.
The 2020/21 budget accords 49.5% of the N$64.2 billion non-interest expenditure to social sectors. For the current budget, the health ministry is allocated another N$7.95 billion, while the Ministry of Basic Education, Arts and Culture receives N$14.2 billion.
