Namibia’s public debt has ballooned to over N$135.7 billion as of September 2022, after the government failed to adhere to its own public debt target of 35% to GDP set in 2012/13, the Institute for Public Policy Research has warned. In its Quarterly Economic Review Report, IPPR said the country’s total debt comprises N$101.5 billion domestic debt and N$34.2 billion foreign debt.
We spoke to Popular Democratic Movement’s Reggie Diergaardt on the future of the youth in the country amidst these unsustainable loans.
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