Govt should strike balance with private sector - Namibian minister
Friday, July 15, 2016
He noted that the government, just like the business sector, has certain responsibilities and obligations to fulfill, adding that the government relies on businesses to invest and grow the economy that is able to generate taxes that the government needs to fund its budget.
On the other hand, he said businesses in turn depend on government to create the regulatory environment that is conducive to doing business.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...