28 Feb 2014 14:10pm
WINDHOEK, 28 FEB (NAMPA) - The Swapo-Party Youth League (SPYL) has called for well-coordinated efforts and collaboration between Government and the private sector to ensure all development plans are implemented.
The youth league said this in response to the 2014/15 N.dollars 60 billion-National Budget tabled in parliament earlier this month.
A statement issued here on Friday by the leagues Secretary for Economic Affairs Imms Nashinge, said the SPYL is concerned with the low execution rate of Namibia's development budget and increasing operational expenditures.
Namibia is a small, open economy faced with numerous challenges such as unemployment, poverty and income inequality.
Government has made efforts to address these challenges, although the implementation of such efforts has in some instances been slow, it said.
The youth league, however, commended the country's tax administration efforts, which it said continues to effectively collect the much-needed government revenue that will enable the country to carry out its development plans.
It noted that at the moment, Namibias fiscal position remains sound, with the budget deficit around 3.0 per cent of the Gross Domestic Product (GDP) and debt levels well below the government ceiling of 35 per cent.
The SPYL suggested that policy-makers ask themselves how to ensure fiscal sustainability, while using Government resources to address pressing socio-economic challenges.
The Swapo-Party Youth League compliments Governments efforts in the allocation of financial resources to key sectors such as education, health, infrastructure and housing, which have the potential to improve the living conditions of our people, read the statement.
The youth league also called for the speedy and accountable implementation of such projects, as these have the potential to increase Namibia's competitiveness as a country while creating employment for its people, and urged those tasked with the responsibility of implementing the budget to do so in a transparent and accountable manner.