{"id":20135,"date":"2023-01-18T07:38:51","date_gmt":"2023-01-18T07:38:51","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/all-news\/scholarships-elections-main-drivers-for-2023-24-budget-minister"},"modified":"2023-01-18T10:42:12","modified_gmt":"2023-01-18T10:42:12","slug":"scholarships-elections-main-drivers-for-2023-24-budget-minister","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/scholarships-elections-main-drivers-for-2023-24-budget-minister","title":{"rendered":"Scholarships, elections main drivers for 2023\/24 budget \u2013 Minister"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>The minister is expected to present his annual budget speech in February. Rijkenberg said ministries and government departments were drawing up reports in preparation for the budget speech next month and it was incumbent that the elections scheduled for this year are also included in the national budget.<\/b><\/p>\n

\u201cIt is the fiscal deficit that we have been fighting, trying to bring down. By fiscal deficit, we mean money you do not have in your budget the money you need to spend. Over the years, coming from a previously double-digit fiscal space, the year before last we were at 7.5 per cent, last year 6.5 per cent, 4.5 per cent this year and we are aiming towards 1.5 per cent fiscal deficit in next year\u2019s budget,\u201d said the finance minister.<\/p>\n

He said the 1.5 per cent still needed proving to get right but it would be a huge breakthrough because a 1.5 per cent fiscal deficit means that you are in a sustainable territory.<\/p>\n

\u201cIt means that your debt to GDP does not grow even if you might take on more debt, it is in line with your GDP growth which means your debt to GDP remains the same. For that reason, we are aiming strongly towards 1.5 per cent.\u201d<\/p>\n

The minister says with the upcoming elections, which cost more money, they had additional costs in the human capital, as there was an urgency to employ people.<\/p>\n

\u201cWe have been keeping a very tight hold on employing civil servants, but unfortunately at some point, the work stops being done so we are having to fill critical posts and that will also cause a movement in the budget. In terms of scholarships, there have been more issued than we have in the budget therefore that needs to be accommodated so these will be the main drivers for a budget that will need to be increased somewhat to be able to accommodate that.\u201d<\/p>\n

For More News And Analysis About Eswatini<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eswatini. The minister is expected to present his annual budget speech in February. Rijkenberg said ministries and government departments were drawing up reports in preparation for the budget speech next month and it was incumbent that the elections scheduled for this year are also included in the national budget. \u201cIt is the fiscal […]<\/p>\n","protected":false},"author":84,"featured_media":20134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[234,248,249],"class_list":["post-20135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-eswatini","tag-eswatini"],"yoast_head":"\nScholarships, elections main drivers for 2023\/24 budget \u2013 Minister - Eswatini<\/title>\n<meta name=\"description\" content=\"The minister is expected to present his annual budget speech in February. 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