{"id":3590,"date":"2021-10-18T17:39:01","date_gmt":"2021-10-18T17:39:01","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/nbc-doesnt-have-enough-money"},"modified":"2021-10-18T17:53:41","modified_gmt":"2021-10-18T17:53:41","slug":"nbc-doesnt-have-enough-money","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/nbc-doesnt-have-enough-money","title":{"rendered":"‘NBC doesn’t have enough money’"},"content":{"rendered":"

Africa-Press<\/a> – Namibia<\/a>. <\/strong><\/span>THE NBC does not have the required operational budget for this financial year, said spokesperson Umbi Karuaihe-Upi.<\/b><\/p>\n

Karuaihe-Upi in a press statement on Friday explained that the Namibian Broadcasting Corporation requires a total operational budget of N$386 million per year, consisting of its own generated revenue and subsidy allocation from the government.<\/p>\n

The government cut the broadcaster’s annual budget by half in March. The NBC was allocated a subsidy of N$127,5 million for the current financial year, however, the corporation expends an amount of N$32,2 million per month on operations.<\/p>\n

\u201cWe would like to categorically make it clear that the corporation never overspent their annual budget, but it is rather a matter of not having the required operational budget for the 2021\/22 financial year,\u201d she said.<\/p>\n

The Namibian recently reported that NBC has already overspent its N$127 million annual budget in the first six months of this year. \u201cThere should be a qualitative difference between spending money and overspending money that does not exist,\u201d she said.<\/p>\n

This financial constraint has led to NBC director general Stanley Similo announcing a number of adjustments in a recent circular, including the possibility that there may not be sufficient funds to cover employees’ third-party payments.<\/p>\n

Third-party payments refer to employer and employee contributions relating to the NBC’s retirement fund, medical aid scheme, tax and social security payments, Namibia Training Authority levies, and home-loan payments.<\/p>\n

\u201cThe internal memo circulated to NBC employees forms part of the overall communication update aimed at informing the employees on the business and the financial situation of the corporation,\u201d Karuaihe-Upi said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. THE NBC does not have the required operational budget for this financial year, said spokesperson Umbi Karuaihe-Upi. Karuaihe-Upi in a press statement on Friday explained that the Namibian Broadcasting Corporation requires a total operational budget of N$386 million per year, consisting of its own generated revenue and subsidy allocation from the government. […]<\/p>\n","protected":false},"author":84,"featured_media":3589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,236,1133,233,1434],"class_list":["post-3590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-enough","tag-namibia","tag-nbc"],"yoast_head":"\n'NBC doesn't have enough money' - Namibia<\/title>\n<meta name=\"description\" content=\"THE NBC does not have the required operational budget for this financial year, said spokesperson Umbi Karuaihe-Upi.<\/ ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/nbc-doesnt-have-enough-money\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"'NBC doesn't have enough money'\" \/>\n<meta property=\"og:description\" content=\"THE NBC does not have the required operational budget for this financial year, said spokesperson Umbi Karuaihe-Upi.<\/ ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/nbc-doesnt-have-enough-money\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-18T17:39:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-18T17:53:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2021\/10\/img-616db414a78c0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"496\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nbc-doesnt-have-enough-money#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nbc-doesnt-have-enough-money\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"‘NBC doesn’t have enough money’\",\"datePublished\":\"2021-10-18T17:39:01+00:00\",\"dateModified\":\"2021-10-18T17:53:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nbc-doesnt-have-enough-money\"},\"wordCount\":271,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nbc-doesnt-have-enough-money#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2021\/10\/img-616db414a78c0.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"Enough\",\"namibia\",\"NBC\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/nbc-doesnt-have-enough-money#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nbc-doesnt-have-enough-money\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nbc-doesnt-have-enough-money\",\"name\":\"'NBC doesn't have enough money' - 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