Namibia's fiscal deficit to narrow on rising mining production, spending cutbacks – BMI

Rising mining production and cutbacks on nonessential spending will see Namibia's fiscal deficit narrow in the coming months, says BMI Research, which is part of Fitch Group. BMI points out in a new report that Namibia's fiscal balance will begin to narrow over 2017, after widening substantially this year, on the back of improving revenues from the mining sector and government paring back spending.