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A Loophole in Namibia’s financial system is causing the country to lose about N$16.7 billion per year.<\/em><\/p>\n This is equivalent to about 9% of the country’s nominal gross domestic product (GDP).<\/p>\n The estimated annual leakage is about 16% of the government’s total budget and more than the allocation made to the Ministry of Health and Social Services, which is N$13 billion.<\/p>\n This money is lost through tax evasion, trade incorrect invoicing, corruption and the proceeds of crime.<\/p>\n \n Read more on AllAfrica.com<\/a> A Loophole in Namibia’s financial system is causing the country to lose about N$16.7 billion per year. This is equivalent to about 9% of the country’s nominal gross domestic product (GDP). The estimated annual leakage is about 16% of the government’s total budget and more than the allocation made to the Ministry of Health and […]<\/p>\n","protected":false},"author":11,"featured_media":244200,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[723],"tags":[258,256,6495,8069,7408,5108,28389,4706,724,257,254,6537],"class_list":["post-244199","post","type-post","status-publish","format-standard","has-post-thumbnail","category-namibia","tag-africa","tag-africa-news","tag-billion","tag-leaks","tag-lost","tag-money","tag-n17","tag-namibia","tag-namibia-news","tag-news","tag-south-africa-today","tag-year"],"fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/244199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=244199"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/244199\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/244200"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=244199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=244199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=244199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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