PSEMAS gets N$535 million

Staff Writer

The finance ministry will be allocated an additional amount of N$665 million to address funding requirements for PSEMAS and N$130 million to replenish the Contingency Fund, finance minister, Ericah Shafudah said in her midterm budget speech.

Other major new allocations include an amount of N$200 million for defence, comprising N$100 million for rations and N$100 million for utilities.

Shafudah said these and other allocations means that the Appropriation Amendment Bill for FY2026/27 will increase the total budget appropriation from N$87.9 billion to N$88.6 billion, representing a modest upward adjustment.

Photo: Contributed

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