Namibia: Tax Relief to Push Up Prices – Bon

The recently proposed tax relief will push up inflation, says Bank of Namibia governor Johannes !Gawaxab.

“Any tax relief means there will be more disposable income which will lead to people spending more,” said !Gawaxab during the repo rate announcement in Windhoek on Wednesday.

The more money people have to spend, the more demand there is for goods and services, pushing up inflation.

The tax relief was tabled in parliament last week by the minister of finance Iipumbu Shiimi as an amendment to…