Addressing the Plight of Poor Households by Zero-Rating VAT on Basic Commodities in Namibia
AbstractThough it is classified as an upper middle-income country and has an estimated annual gross national income (GNI) per capita of US$4,210, Namibia still faces the twin problems of relatively high levels of poverty and high income inequality. Difficult economic times began in 2008 as real economic growth dropped to 4.3 per cent from a high of 12 per cent in 2004, while cost-of-living inflation rose to a high of 10.4 per cent from a low of 2.3 per cent in 2003. The rate of unemployment (broad definition) grew to 51.2 per cent. Thus many poor households faced a rising cost of living without reliable sources of income. Their already dire situation was exacerbated by inauspicious climatic and soil conditions, which severely limit the role of subsistence farming as a viable source of livelihood in the country. (?)
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Bibliographic InfoPaper provided by International Policy Centre for Inclusive Growth in its series One Pager with number 118.
Date of creation: Oct 2010
Date of revision:
Publication status: Published by UNDP - International Policy Centre for Inclusive Growth , October 2010, pages 1-1
Addressing the Plight of Poor Households by Zero-Rating VAT on Basic Commodities in Namibia;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-11-20 (All new papers)
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