Key Resources
SWAZILAND BUDGET 2010-2011
The 2010-2011 Swaziland budget showed the strain of the 2008 global economic crisis. Revenue from the country's main source of income, the Southern Africa Customs Union (SACU) fell by more than 60%, causing a significant budget deficit. The SACU revenue pool grew over the years, from E25 billion in 2005-2006 to E53 billion in 2008/2009, earning Swaziland E6 billion. However the pool deteriorated slightly to E51 billion in 2009/2010, and correspondingly, Swaziland's share fell to E5,2 billion, which was reduced to E1.9 billion following deductions to adjust for an overpayment in 2009.
The budget forecast for expenditure for 2010-2011 was E10.76 Billion while forecast revenue stood at E6.9 billion, resulting in a budget deficit of E2.6 billion representing 15% deficit to GDP ratio.
The minister warned that the country would be going through a tough period in the next few years, and major spending adjustments would be implemented.
Also see Medium Term Budget Statement 2008/9 - 2010/2011
The budget forecast for expenditure for 2010-2011 was E10.76 Billion while forecast revenue stood at E6.9 billion, resulting in a budget deficit of E2.6 billion representing 15% deficit to GDP ratio.
The minister warned that the country would be going through a tough period in the next few years, and major spending adjustments would be implemented. Also see Medium Term Budget Statement 2008/9 - 2010/2011
NATIONAL DEVELOPMENT STRATEGY
The National Development Strategy was developed in a consultative process in 1997 as a national development roadmap. It sets the vision 2022, challenging the country to be in the top 10% of the Middle Income Developing Countries by 2022.
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