Kingdom of Swaziland: Staff Monitored Program-Staff Report; Staff Supplement

International Monetary Fund

No 2011/084, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; GDP; financing; Swaziland; Sta GDDS mission; financing gap; financial asset; X. exchange rate arrangement; HIV prevalence rate; government financing needs; intervention currency; prevalence rate; adult literacy rate; draft budget; Budget planning and preparation; Monetary base; Africa; Sub-Saharan Africa; Global (search for similar items in EconPapers)
Pages: 48
Date: 2011-04-08
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