Swaziland's growth has been recovering since the 2010?11 fiscal crisis, albeit at a slower pace recently, and its significant development challenges continue, with high unemployment and poverty. Over the past three years, Swaziland has shifted toward an expansionary fiscal policy, while revenues from the Southern African Customs Union (SACU) have declined in percentage of GDP since 2013/14. Hence, after running surpluses for two years, fiscal balance turned into a deficit in 2014/15. International reserves stood at 3½ months of imports as of end-September 2015
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|Size: ||6.7 MB|
|Publisher: ||INTERNATIONAL MONETARY FUND|
|Date published: || 2015|
|ISBN: ||9781513532875 (DRM-EPUB)|
|Read Aloud: ||not allowed|