Several of government’s benchmark debt ratios have been breached in the last year. The longer the Namibian government continues to increase debt faster than (nominal) economic growth, the closer it edges towards a debt trap. – Cirrus Securities Jo-Maré Duddy – Namibia’s economy is becoming more and more exposed to a possible debt trap and therefore is extremely fragile, Cirrus Securities says. Issuing its latest outlook on public finances on Tuesday, Cirrus said government has breached several of its benchmark ratios in the last few years. These metrics, published in the ministry of finance’s Sovereign Debt Management Strategy, are monitored to measure the risk of government’s debt portfolio.