Schlettwein losing war on fiscal consolidation?

January 8, 2018, 6:01pm

Finance minister Calle Schlettwein vowed that the national purse will remain tightly closed and monitored in the 2018 business calendar to cushion the state from bankruptcy at the back of a sluggish economy, yet the high spending on the military is proof that he is losing that war, analysts have reasoned.

Expenditure on the military has spiked in the past ten years, with statistics released in December indicating that this is from N$2.8 billion (2007) to about N$7 billion (2016).