• Login
    View Item 
    •   KovsieScholar Home
    • KovsieJournals
    • Journal for Contemporary History
    • JCH 2014 Volume 39 Issue 2
    • View Item
    •   KovsieScholar Home
    • KovsieJournals
    • Journal for Contemporary History
    • JCH 2014 Volume 39 Issue 2
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    The political economy and historical trajectory of the Swaziland fiscal crisis, 2010-2011

    Thumbnail
    View/Open
    contemp_v39_n2_a13.pdf (314.5Kb)
    Date
    2014
    Author
    Simelane, Hamilton Sipho
    Metadata
    Show full item record
    Abstract
    Swaziland is facing a serious fiscal crisis that is threatening to reduce the country into a failed state. The country has a huge budget deficit that has left government operations paralyzed and the threat of government failure to pay monthly salaries for civil servants is ever looming larger. In an attempt to address the situation, the Swaziland government partnered with the IMF to produce fiscal adjustment strategies to stabilize the country’s economy through short-term policies. The partnership is crucial to enable the country to get a letter of comfort that would make it possible to receive loans from international financial institutions. The article focuses on an analysis of the explanations for the origins of the crisis. It acknowledges the factual aspects of dominant explanations, but argues that these explanations fail to provide a comprehensive explanation for proper planning of future development of the Swazi economy. The article argues that a more meaningful and long-term effective explanation of the crisis should interrogate the country’s governance structure, especially the extent to which it has contributed to the poor performance of the country’s economy, how it has contributed to fiscal indiscipline, and how it has nurtured wasteful spending and contributed to increasing levels of corruption.
    URI
    http://hdl.handle.net/11660/3404
    Collections
    • JCH 2014 Volume 39 Issue 2

    DSpace software copyright © 2002-2016  DuraSpace
    Contact Us | Send Feedback
     

     

    Browse

    All of KovsieScholarCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

    My Account

    LoginRegister

    Statistics

    View Usage Statistics

    DSpace software copyright © 2002-2016  DuraSpace
    Contact Us | Send Feedback