Namibia in Numbers: Where the money comes from andwhere it goes, FY ‘26/27
A mid-year budget review from October 22 lowered the expected growth for 2026 to 2.3 percent. This is a decrease from the 3.1 percent projected in February, largely due to a forecast drop in diamond output. Government revenue was revised down by N$1.5 billion to N$88.1 billion. Mining is a primary cause of this weakness. Diamond taxes and royalties are expected to bring in N$414 million this year, a sharp drop from N$5.8 billion in the 2023/24 financial year. Total spending was reduced by N$988 million to N$105.0 billion.
The mid-year budget review tabled on 22 October lowered expected growth for 2026 to 2.3% from the 3.1% projected in February, mainly because diamond output is forecast to fall by more than a fifth this year. Revenue was revised down by N$1.5 billion to N$88.1 billion, only 0.8% more than the government collected last year. Mining accounts for much of the weakness, with diamond taxes and royalties expected to bring in N$414 million this year compared with N$5.8 billion in the 2023/24 financial year. Total spending was cut by N$988 million to N$105.0 billion, mostly through lower interest estimates and