Kingdom of Swaziland Staff Report for the 2011 Article IV Consultation

The fiscal crisis in the Kingdom of Swaziland emanating from a decline in revenue from the Southern African Customs Union and one of the largest public wage bills in sub-Saharan Africa has reached a critical stage. Faced with revenue shortfalls associated with slowing economic activity, uncontrolled...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Public debt 
653 |a Banks 
653 |a Public finance & taxation 
653 |a Banks and banking 
653 |a Debts, Public 
653 |a Mortgages 
653 |a Arrears 
653 |a International Lending and Debt Problems 
653 |a External debt 
653 |a Money 
653 |a Labor 
653 |a Central banks 
653 |a Banking 
653 |a Econometrics & economic statistics 
653 |a Income economics 
653 |a Depository Institutions 
653 |a Foreign exchange reserves 
653 |a Labour 
653 |a Monetary economics 
653 |a Wages, Compensation, and Labor Costs: General 
653 |a Debt Management 
653 |a Micro Finance Institutions 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Computer Programs: Other 
653 |a Debt 
653 |a Data Collection and Data Estimation Methodology 
653 |a Debts, External 
653 |a Money supply 
653 |a Sovereign Debt 
653 |a Monetary base 
653 |a International reserves 
653 |a Banks and Banking 
653 |a Wages 
653 |a Statistics 
653 |a Monetary Policy 
653 |a Public Finance 
653 |a Money and Monetary Policy 
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520 |a The fiscal crisis in the Kingdom of Swaziland emanating from a decline in revenue from the Southern African Customs Union and one of the largest public wage bills in sub-Saharan Africa has reached a critical stage. Faced with revenue shortfalls associated with slowing economic activity, uncontrolled public spending, and lack of financing, the authorities continued to deplete central bank reserves and accumulate domestic arrears. The authorities have been able to finance only a minimal amount of expenditure, including wages, utilities, and essential transfers