SWAZI BUDGET SNUBS IMF ADVICE

From Swazi Media Commentary Sat Feb 23 2013, 06:42:00

Swaziland's Government is on a collision course with the International Monetary Fund (IMF) after announcing extra spending on public service salaries and tax cuts for workers and companies.

The decision announced by Swazi Finance Minister Majozi Sithole in his budget speech on Friday (22 February 2013) also puts the kingdom at odds with global banks which it must rely on for loans.

In his speech to the Swaziland Parliament, Sithole announced a budget totalling E13.1 billion (US$1.9 billion), of which E5.2 billion (40 percent) would go on public sector salaries. This is an increase in salaries of E600 million on the previous year.

[view whole blog post ]
 See More    |     Report Abuse


You might also be interested in the following news stories:

Nigeria:   'Enough is Enough' Schedules Debates, Urges Contenders to Participate (news)
EnoughisEnough Nigeria
30 January 2015

Following are selected tweets from Enough is Enough Nigeria (@EiENigeria), a coalition of young Nigerians promoting good governance and citizen engagement, regarding a planned series of debates for ... [read more]

Mali:   For Green, Comfortable Homes, Mali Turns to Mud (news)
Thomson Reuters Foundation
29 January 2015

Building a house in the poorest villages of southern Mali has for years involved cutting trees for timber frames and struggling to save cash for a corrugated iron roof. [read more]

Africa:   African Union Confirms Mugabe As Chairman (news)
Deutsche Welle
30 January 2015

The African Union's rotating post of chairman has gone to Robert Mugabe. Zimbabwe's veteran president enjoys respect across the continent but faces travel bans from both the US and EU for harassing ... [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!