By: Nghiinomenwa-vali Hangala
For the month of October 2025, the government through the Bank of Namibia (BoN) will borrow N$2.3 billion from the market, according to the updates provided by the central bank last week
This is in its quest to bridge the 2025/26 budget deficit and government financing needs estimated at N$29.8 billion. Of this amount, N$23.2 billion will be sourced domestically.
According to the issuance calendar for the month of October 2025 issued by BoN, which borrows on behalf of the Ministry of Finance, the government will need N$2.3 billion from the market. This will be from institutional and individual investors in possession of capital seeking potential growth avenues.
The money will be borrowed through the usual ‘I owe you’ (IOU) notes, treasury bills (TBs) and bonds.
In October 2025, the government will borrow over half a billion (N$505 million) from TBs. While from bonds, it plans to borrow N$1.8 billion through its fixed-income bonds and inflation-linked bonds.
Last month, the government indicated that the local market has high liquidity levels to support its borrowing plans, thus, opting to increase domestic borrowing for the year. As of last week, domestic debt stood at N$141.2 billion, reflecting an increase of 1.1 percent from the previous month. The increase was reflected in both TBs and Internal Registered Stock (IRS), which
rose by 1.2 percent and 1.0 percent to N$44.0 billion and N$96.2 billion, respectively.
On an annual basis, domestic debt increased by 14.3 percent, owing to an increase in the issuance of both TBs and IRS, which rose by 9.3 percent and 16.8 percent, respectively.
erastus@thevillager.com.na
