Schlettwein arrives for Budget announcement

February 25, 2016, 12:36pm

Minister of Fiance Calle Schlettwein has arrived at the National Assembly for the presentation of the 2016/2017 national budget amid heavy expectation to close the tap on non-essential spending.

14:35 Prime Minister Sara Kugongelwa Amadhila has also arived at the parliament.

1446 Moment of silence held for Ndilimani Cultural troops accident victims

14:52 Schlettwein takes to the podium

14:56 Budget Theme centred on Pro growth and fiscal consolidation

14:48 Schlettwein says 2016 a year of implementation

15:02 He promises more resources to higher education especialy VTC

15:03 He wants priority funding on road construction, water and power

15:03 Says investment is now due for tabling

15:04 Promises funding to steer housing projects  for the poor

15:04 Poverty treduction remains on agenda

15:06 Promises tax reforms

15:07 Solidarity tax to be well defined

15:08 budget to tackle inequality

15:09 Minister says public discussion ongoing on Neef

15:09 Promises perfomance agreements for all civil servants

15:10 He calls for reduction of trade deficit

15:13 Cals for scalling up of education and social sectors and reducation on expenditure on non productive capital projects

15:15 Urges govt to do more with less

15:24 Govt used part of the Eurobong earnings to build reserves

Total Budget standing at N$66 billion