The increased revenue allowed increased spending while keeping the size of the budget deficit in relation to the economy at a constant 4.2% of projected GDP and leaving the ratio of public debt at 66% of projected GDP. [...] The classic international example is the paved road to the president’s village that wins votes for the president but adds little to the productive capacity of the economy. [...] The listing of MTC will make it harder to change the situation for the better as listing has created another interest group (private shareholders including the GIPF) that benefits from the company’s monopolistic domination of the market. [...] The situation of Lüderitz town is likely to change out of all recognition with the advent of Hyphen Hydrogen’s green ammonia plant and the oil and gas industry is likely to impact the town too. [...] Sectoral Breakdown of GDP in 2022 (%) Sectoral Growth in 2022 (%) The chart shows the contributions made Most sectors of the economy experienced to overall economic activity in 2022 by some degree of positive growth in 2022 led the different sectors of the economy by the mining, electricity and water, and according to the full national accounts.
Authors
- Pages
- 20
- Published in
- Namibia
