The increase in government borrowing through the issuance of both domestic registered Bonds and Treasury bills has increased government domestic debt to N$156.0 billion as at the end of
May 2026.
Year-on-year domestic debt rose by 17.0 percent, given increased issuance of both Bonds and Treasury Bills, which rose by 18.1 percent and 14.8 percent, respectively.
On a monthly basis, domestic registered Bonds and Treasury Bills increased by 1.1 percent and 0.9 percent to N$106.8 billion and N$49.2 billion, respectively.
As a percentage of GDP, domestic debt rose on a monthly and yearly basis, at the end of May 2026.
Domestic debt as a percentage of GDP increased by 0.5 percentage points month-on-month, to 51.6 percent during the period under review.
On an annual basis, the ratio of domestic debt to GDP rose by 3.3 percentage points, reflecting an increase in the ratios of both Bonds and Treasury Bills to GDP of 2.6 percentage points and 0.8 percentage points, respectively.
