Government’s domestic debt rose, month-on-month and year-on-year, at the end of April 2026.
Domestic debt is the amount of money the government borrowed from local investors through the auctioning of bonds and treasury bills.
Domestic debt stood at N$154.4 billion at the end of April 2026, increasing by 1.0 percent month-on-month.
This is reflected in both Treasury Bills (TBs) and Internal Registered Stock (IRS), which increased by 1.0 percent and 0.9 percent to N$48.8 billion and N$105.6 billion, respectively.
Year-on-year, domestic debt rose by 19.5 percent given increased issuance of both IRS and TBs, which increased by 20.8 percent and 16.9 percent, respectively.
The new bonds, namely GC29, GC34, and GC53 were issued in the review period.
At the end of April 2026, domestic debt as a percentage of GDP stood at 51.1%.
