State old-age pensions are set to be increased to N$600 a
month and the tax burden on individual taxpayers and non-mining companies will
be made lighter, according to the government's budget plans for the year ahead.
The tax relief was announced by Finance Minister Saara Kuugongelwa-Amadhila in
the National Assembly yesterday and will leave Namibians with an additional
N$1.2 billion. With old-age pensions to be increased by N$50 a month during the
2013-14 financial year, the government also expects to spend a total of N$3.9
billion on pensions for senior citizens over the next three years.
Original article: http://allafrica.com/stories/201302270516.html
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