03 Apr 2014 11:40am
WINDHOEK, 03 APR (NAMPA) - The National Assembly (NA) on Wednesday approved the 2014/15 Appropriation Bill without any amendments.
The total national expenditure budget for the 2014/15 financial year amounting to N.dollars 60,28 billion was tabled in the National Assembly by Finance Minister Saara Kuugongelwa-Amadhila on 19 February 2014.
Cabinet ministers then introduced and motivated their respective ministries budget allocations as from 12 March to 03 April.
Speaking in the National Assembly on Wednesday, Kuugongelwa-Amadhila applauded Members of Parliament (MPs) for discussing and approving all 31 budget votes on time in order to allow for the implementation of programmes and policies in different ministries and agencies.
She also encouraged MPs to continue studying and analysing the accountability report, and to follow-up on program implementations for the benefit of all Namibians.
At the debt level of 47 per cent of gross domestic product (GDP), we are highly sustainable. There are very few countries in the Southern African Development Community (SADC) region at our proportion. We have enough room to use fiscal policy to support the national efforts and address problems which are significant in order to support the welfare of our people, the minister stated.
She stressed that the importance of achieving fiscal sustainability is to grow the economy and strengthen its capacity to support and sustain expenditure, which needs to be incurred in order to provide services required by the people.
Members of the public were also urged to adopt a more positive attitude, and support the opportunities presented through extensional fiscal policies proposed to Parliament in order to improve their own welfare.
The minister maintained that this budget is counter-cyclical because it is attempting to grow the economy and consolidate the recovery that Namibia has achieved because there are so many risks out there.
Kuugongelwa- Amadhila said it was worth for Government to re-grade the salaries of civil servants in order to motivate them so that they could render quality services to the people.
The National Assembly was adjourned until next Tuesday.