Askanwi’s latest budget analysis shows that Debt Service continues to overcrowd Government’s Expenditure in key economic areas such as health, education, agriculture, and infrastructure in 2024, with the situation expected to worsen in 2025.

This opinion piece delves into the government’s plans to increase taxes by 23% in 2025 and interrogates the National Assembly’s role in reviewing the Government’s Revenue Measures. Will Parliament debate this important issue, which will impact the cost of living next year?

Information received by Askanwi Media highlights that the Minister for Finance and Economic Affairs (MoFEA) will table the 2025 Draft Budget tomorrow 15th November requesting Parliamentary approval for over D52.9 Billion in expenditure.

Our monitoring of Parliament has revealed that the Finance Minister may have failed to comply with the Amended provision 152 (1) to table the Estimates of Revenue and Expenditure sixty (60) days before the end of the year which was the last day of October 2024. Parliament is also failing its role to monitor the implementation of the 2024 Budget since the First Ordinary Session.