The national budget tabled by Minister of Finance Ericah Shafudah on 27 March 2025 represented continuity rather than change and reflected few of the priorities contained in the Swapo Manifesto or its Implementation Plan. Minister Shafudah recommitted government to achieving a primary budget surplus, reducing debt as a proportion of GDP, meeting the country’s foreign currency debts, and reducing the rate of non-mining corporate tax. Given the budget was tabled only days after the new Cabinet was appointed, it can only be assumed that it had been prepared by the outgoing Minister of Finance. It can be expected that future budgets will contain far more in the way of change.
