Of the targeted 104 000 jobs the programme aimed to create, only 33 965 have been created so far, while out of the N.dollars 9,37 billion budgeted for execution of the projects over the past two years, only N.dollars 5,2 billion was spent.
“I will be the first to admit that we need to do more in terms of executing the planned projects,” Alweendo said at a media conference in Windhoek on Wednesday.
He however said some progress has been recorded under TIPEEG.
During the 2011/2012 financial year, N.dollars 5,35 billion was budgeted for projects and N.dollars 4,01 billion was spent, representing a 75 per cent execution rate.
“We also managed to create a total of 25 394 jobs,” he said.
During the second year of implementation (2012/2013), the TIPEEG budget was N.dollars 4,02 billion and for the six months up to September last year, N.dollars 1,1 billion was spent, representing an execution rate of 27,5 per cent, Alweendo stated.
During the same time, 8 571 jobs were created.
TIPEEG was launched in April 2011 as a targeted public investment programme which would stretch over three years – 2011/2012; 2012/2013 and 2013/2014.
Its main objective is to increase public investment in targeted areas of the economy, especially infrastructure, in order to accelerate economic growth.
The biggest criticism against the programme has been that a lot of money is being spent on creating mainly short-term jobs.
“My response has been and is still that while it is true that most of the immediate jobs to be created will be of short-term nature, you cannot hope to create long-term jobs without having provided for a conducive environment,” said Alweendo.
The NPC head also indicated that without proper infrastructure, such as energy-generation, rail, roads, and harbours, long-term jobs will not be created.
“That is why TIPEEG is aimed at providing the necessary economic infrastructure,” he stated.