Namibia: Big Could Cost Up to N$13 Billion

29 September 2020

A proposed universal Basic Income Grant (BIG) for every Namibian can only be sustainably implemented if government finds the funds for the initiative from existing sources, as the country cannot afford to increase either the budget deficit or its public debt.

The BIG Coalition of Namibia, spearheaded by the Economic and Social Justice Trust, has proposed a monthly grant of N$500, which economists estimate could cost the country as much as N$13 billion per annum, assuming a population of 2.35 million up to the age of 60 years.

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