Budget increase for Ministry of Poverty Eradication
08 Mar 2017 20:40pm
WINDHOEK, 08 MAR (NAMPA) The Ministry of Poverty Eradication received N.dollars 3,2 billion from the just tabled 2017/18 National Budget for poverty eradication and improvement of social welfare.
This figure shows an increase of N.dollars 2 million, from a revised budget of N.dollars 2,9 billion.
The funding was increased to start with the roll-out of the targeted initiative to reduce poverty-induced hunger, Finance Minister Calle Schlettwein said, whilst tabling the N.dollars 62,5 billion 2017/2018 National Budget Wednesday.
We will continue with targeted public expenditure reviews as a way of improving the quality of spending in the social and productive sectors, said Schlettwein.
Poverty eradication and improvement of social welfare promised by President Hage Geingobs administration remains a priority in the tabled national 2017/18 budget.
In 2016, the Ministry of Poverty Eradication crafted a National Strategy on Poverty Eradication, with cross-cutting sectoral interventions designed to attack the scourge of poverty.
The budget will be used to create jobs and mainstream the poor in income generation.
The government is committed to developing a national framework for entrepreneurship and enterprise development designed to encourage youth and unemployed into entrepreneurial activities, said Schlettwein.
Meanwhile, Government has pledged to strengthen the quality and coverage of the old-age pension and grant for Orphans and Vulnerable Children to keep the vulnerable above the poverty line and protect them from the effects of inflation.
The old-age pension will be increased with N.dollars 100 from N.dollars 1 100 to N.dollars 1 200.