Swapo loses N$9m in parliament funding
Swapo loses N$9m in parliament funding

Swapo loses N$9m in parliament funding

Ogone Tlhage
OGONE TLHAGE



WINDHOEK

Following its loss of 12 seats in the National Council in last year’s election, the ruling party Swapo is set to lose N$8.9 million from monies accrued from its representation in that house of parliament.

Meanwhile, opposition parties can expect a financial shot in the arm for the parliamentary terms under review, owing to their performance in the local and regional elections that were held in November 2020.

Political parties, organisations and independent candidates will receive N$745 000 yearly per seat held in either house of parliament. This was confirmed by finance ministry spokesperson Tonateni Shidhudhu and National Council spokesperson Momley Mushendje.

This is based on the reduced funding parliament will get in the 2021/22 fiscal year for the number of seats in both the National Assembly and the National Council.

The ministry of finance allocated N$102.7 million to parliament for the allocations to political parties, organisations and independent candidates.

A breakdown

Following its performance in the National Assembly elections in 2019 - when it lost 14 seats in that house of parliament - and the 12 more it lost in the National Council following last year’s regional council election, Swapo’s collective loss in both houses would amount to N$19.3 million.

The party is set to receive a collective parliamentary funding of N$67.8 million – a huge reduction from the N$96 million received during the previous term.

The Popular Democratic Movement is expected to receive an extra N$1.49 million in funding for winning two additional seats in the National Council. The Landless People’s Movement sees its funding for the financial year increase by N$4.47 million as a result of the additional six seats it now occupies in the National Council.

New kid to the block Independent Patriots for Change will get a nifty N$1.49 million for its first year of representation in the National Council after winning two seats in last year’s election.

Promote democracy

Commentator Ndumba Kamwanyah said political parties should use the funding they get to promote democracy, saying it is meant to help them drive political agendas.

“Funding has been a problem for political parties; it has been hampering recruitment. With more funding, it is a boost to expand programmes and activities,” he said.

He urged parties to use the funds allocated to them responsibly, urging that at the end, it is still public money.

“It is not their money; it is the public’s money that is given to them to promote democracy,” he said.

In 2019, the Institute of Public Policy Research questioned the funding government allocates to political parties. “The dramatic increase of party finance from the state came at a time when the Namibian government was already in a tight spot, financially speaking,” it said at the time.

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Namibian Sun 2024-09-09

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Currie Cup: Hollywoodbets Sharks XV 24 vs 18 Vodacom Bulls | Airlink Pumas 14 vs 41 Toyota Cheetahs XV | Fidelity ADT Lions 62 vs 5 NovaVit Griffons | Suzuki Griquas 37 vs 29 DHL Western Province Rugby Championship: Argentina 67 vs 27 Australia | Springboks 18 vs 12 New Zealand Katima Mulilo: 19° | 37° Rundu: 18° | 38° Eenhana: 16° | 38° Oshakati: 17° | 35° Ruacana: 17° | 35° Tsumeb: 20° | 33° Otjiwarongo: 14° | 33° Omaruru: 14° | 32° Windhoek: 13° | 29° Gobabis: 12° | 33° Henties Bay: 10° | 17° Wind speed: 17km/h, Wind direction: S, Low tide: 08:01, High tide: 02:07, Low Tide: 20:29, High tide: 14:26 Swakopmund: 11° | 13° Wind speed: 15km/h, Wind direction: W, Low tide: 07:59, High tide: 02:05, Low Tide: 20:27, High tide: 14:24 Walvis Bay: 9° | 17° Wind speed: 18km/h, Wind direction: SW, Low tide: 07:59, High tide: 02:04, Low Tide: 20:27, High tide: 14:23 Rehoboth: 12° | 31° Mariental: 11° | 33° Keetmanshoop: 11° | 29° Aranos: 12° | 35° Lüderitz: 11° | 20° Ariamsvlei: 8° | 28° Oranjemund: 12° | 26° Luanda: 20° | 22° Gaborone: 13° | 24° Lubumbashi: 18° | 34° Mbabane: 9° | 11° Maseru: 5° | 23° Antananarivo: 13° | 30° Lilongwe: 22° | 31° Maputo: 16° | 21° Windhoek: 13° | 29° Cape Town: 9° | 19° Durban: 13° | 19° Johannesburg: 11° | 21° Dar es Salaam: 23° | 29° Lusaka: 21° | 32° Harare: 15° | 29° Currency: GBP to NAD 23.3 | EUR to NAD 19.71 | CNY to NAD 2.51 | USD to NAD 17.86 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.19 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 131.9 | USD to AOA 925.9 | USD to BWP 13.35 | USD to EGP 48.3 | USD to KES 128.23 | USD to NGN 1628.65 | USD to ZAR 17.86 | USD to ZMW 26.3 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1771.57 Up +0.06% | Casablanca Stock Exchange (CSE) MASI 13981.68 Up +0.51% | Egyptian Exchange (EGX) 30 Index 30374.96 Up +0.33% | Botswana Stock Exchange (BSE) DCI 9625.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 504.50/OZ UP +0.30% | Copper US$ 4.11/lb UP +1.56% | Zinc US$ 2 750.50/T DOWN -0.01% | Brent Crude Oil US$ 72.20/BBP UP +0.07% | Platinum US$ 940.44/OZ UP +1.83% Sport results: Currie Cup: Hollywoodbets Sharks XV 24 vs 18 Vodacom Bulls | Airlink Pumas 14 vs 41 Toyota Cheetahs XV | Fidelity ADT Lions 62 vs 5 NovaVit Griffons | Suzuki Griquas 37 vs 29 DHL Western Province Rugby Championship: Argentina 67 vs 27 Australia | Springboks 18 vs 12 New Zealand Weather: Katima Mulilo: 19° | 37° Rundu: 18° | 38° Eenhana: 16° | 38° Oshakati: 17° | 35° Ruacana: 17° | 35° Tsumeb: 20° | 33° Otjiwarongo: 14° | 33° Omaruru: 14° | 32° Windhoek: 13° | 29° Gobabis: 12° | 33° Henties Bay: 10° | 17° Wind speed: 17km/h, Wind direction: S, Low tide: 08:01, High tide: 02:07, Low Tide: 20:29, High tide: 14:26 Swakopmund: 11° | 13° Wind speed: 15km/h, Wind direction: W, Low tide: 07:59, High tide: 02:05, Low Tide: 20:27, High tide: 14:24 Walvis Bay: 9° | 17° Wind speed: 18km/h, Wind direction: SW, Low tide: 07:59, High tide: 02:04, Low Tide: 20:27, High tide: 14:23 Rehoboth: 12° | 31° Mariental: 11° | 33° Keetmanshoop: 11° | 29° Aranos: 12° | 35° Lüderitz: 11° | 20° Ariamsvlei: 8° | 28° Oranjemund: 12° | 26° Luanda: 20° | 22° Gaborone: 13° | 24° Lubumbashi: 18° | 34° Mbabane: 9° | 11° Maseru: 5° | 23° Antananarivo: 13° | 30° Lilongwe: 22° | 31° Maputo: 16° | 21° Windhoek: 13° | 29° Cape Town: 9° | 19° Durban: 13° | 19° Johannesburg: 11° | 21° Dar es Salaam: 23° | 29° Lusaka: 21° | 32° Harare: 15° | 29° Economic Indicators: Currency: GBP to NAD 23.3 | EUR to NAD 19.71 | CNY to NAD 2.51 | USD to NAD 17.86 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.19 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 131.9 | USD to AOA 925.9 | USD to BWP 13.35 | USD to EGP 48.3 | USD to KES 128.23 | USD to NGN 1628.65 | USD to ZAR 17.86 | USD to ZMW 26.3 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1771.57 Up +0.06% | Casablanca Stock Exchange (CSE) MASI 13981.68 Up +0.51% | Egyptian Exchange (EGX) 30 Index 30374.96 Up +0.33% | Botswana Stock Exchange (BSE) DCI 9625.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 504.50/OZ UP +0.30% | Copper US$ 4.11/lb UP +1.56% | Zinc US$ 2 750.50/T DOWN -0.01% | Brent Crude Oil US$ 72.20/BBP UP +0.07% | Platinum US$ 940.44/OZ UP +1.83%