Cover IMF Staff Country Reports
Kingdom of Swaziland: Staff Monitored Program-Staff Report; Staff Supplement
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 084
Language:
English
Publication Date:
08 Apr 2011
DOI:
https://doi.org/10.5089/9781455229079.002
ISBN:
9781455229079
ISSN:
1934-7685
Pages:
48
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
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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.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund