Spending is paying out money for goods and services and basic needs such as food, fridge, clothing, medical care, housing, school fees, etc. In order to spend wisely, take the following steps: 1. To keep control of your expenses, make a list of what you need to spend money on, list how much they cost and decide on the most relevant ones. 2. Do not spend all your money but save...
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12 June 2019
Hon. Calle Schlettwein, Minister of Finance is in Malabo, Republic of Equatorial Guinea, to attend the 2019 and the 54th Annual Meeting of the African Development Bank Group, as well as the 45th Annual Meeting of the African Development Fund.
24 May 2019
"The Ministry of Finance received numerous questions from the Media regarding different aspects of government debt such as debt servicing, government borrowing procedures, the repayment procedure and the redemption strategy for all government debt".
23 April 2019
Following the introduction of ITAS, it is expected that submission of monthly PAYE returns must be lodged online, through ITAS portal as from March 2019.
03 April 2019
This notice serves to inform the general public that, it has come to our attention that there is a scam in a form of Hoax emails that is being sent in bulk emails. This malicious scam is purporting that the Ministry of Finance is offering what it termed to be “entrepreneurship development funds and financial support. ( E.D.F.F.S) program”.
27 March 2019
"I have the honour to table the Budget for the 2019/20 financial year, a fifth under the administration of His Excellency President Dr Hage Geingob. I table this budget knowing that the current economic situation in our country has caused hardship for many citizens and I thank you all for your forbearance during these difficult times".
26 February 2019
To all Public Service Employee Medical Aid (PSEMAS) members.
19 February 2019
The Government of the Republic of Namibia established the Medical Aid Scheme for Public Services Employees (PSEMAS), in terms of Section 35 of the Public Service Act, 1995, (Act 13 of 1995) as well as Chapter K of the Public Service Regulations. The purpose of PSEMAS, is to assist its members in meeting specified medical expenses they incur in respect of themselves and that of their dependants.
07 December 2018
The Ministry of Finance has developed an integrated information technology solution for administration of taxes. The new system known as Integrated Tax Administration System (ITAS) will replace the existing legacy system (Taxlive ) and is expected to become operational as from 17 January 2019. The new system which will be available 24/7 will allow taxpayers to submit requests and file returns online.
22 November 2018
19 November 2018
Saving is putting away or storing money for future use. In order to start saving, take the following steps: 1. Decide what you want to save for. 2. Develop a savings plan, and always put money aside at the beginning of the month. 3. Save whatever you can afford. 4. Shop around for the best price and quality. 5. Save money that you do not need to spend. 6. Decide where you will...
A budget is a plan that shows how much you can spend against what you earn over a given time e.g. weekly, monthly or yearly (annually). It helps to guide you on how much money you can allocate for different needs. In order to draw up your budget, take the following steps: 1. Take a budget sheet, write down your basic expenditures and how much they cost and compare them to your...
Regardless of age, gender or position, leaders are able to get people to follow and respect them such that they have team buy-in for proposed plans and actions. Strong leaders listen to their people but also act when it’s in their best interest. The follow through is just as important as the first action, if not more important! Back your dreams with action. Stand up for what...