We are not selling state assets yet - Calle Schlettwein...as he maintains that economy still recovering

February 7, 2018, 4:36pm

Finance minister Calle Schlettwein is adamant that the economy is still sailing on a recovery path although signs on the ground seem to be pointing the other way.

Latest stringent cost cutting measures, high-unemployment, high debt levels and declining credit extension have convinced experts that the way out would be to leverage on the country’s N$90 billion worth of state asserts.

However, finance minister Calle Schlettewein has said the priority now is fiscal consolidation and while leveraging on state assets is not yet off the table, there are still many grey areas to be dealt with.

“First of all we agreed that we must continue with our consolidation path to which we reduce debt ratios. We must also look at the income side. Leveraging on our assets is part of the review on state enterprises and how we manage our assets is a long and complicate process.”