Kingdom of Swaziland: Staff Monitored Program-Staff Report; Staff Supplement
April 8, 2011
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The Swaziland economy continues to suffer from the global economic crisis and an overvalued real exchange rate. The fiscal crisis is starting to affect external stability. Notwithstanding the fiscal crisis, banks continue to remain well capitalized and profitable. The 2011–12 budget promises to make significant progress in fiscal adjustment while safeguarding priority expenditures. The government is taking ambitious measures to cut the wage bill in FY2011–12. Improvements in revenue administration by the Swaziland Revenue Authority (SRA) will strengthen revenue collections.
Subject: Budget planning and preparation, Monetary base, Money, Public debt, Public financial management (PFM), Revenue administration
Keywords: adult literacy rate, Africa, Budget planning and preparation, CR, draft budget, financial asset, financing, financing gap, GDP, Global, government financing needs, HIV prevalence rate, intervention currency, ISCR, Monetary base, prevalence rate, Sta GDDS mission, Sub-Saharan Africa, Swaziland, X. exchange rate arrangement
Pages:
48
Volume:
2011
DOI:
Issue:
084
Series:
Country Report No. 2011/084
Stock No:
1SWZEA2011002
ISBN:
9781455229079
ISSN:
1934-7685
