(By B. Benard, Feb.14, 2016 ) Prime Minister Sibusiso Dlamini has reacted promptly to His Majesty King Mswati III’s directive to adopt serious belt tightening given the financial standing of the country.
“The speech from the throne serves as the main policy for the government and the country and after His Majesty has given us directives we sit down and plan with a view to look at what needs to be implemented within the short term, medium term, or long term. What needs to be implemented within a short term is added to the budget while the other things are incorporated over time,” said the Premier.
“This will call for a lot of cutting on non essentials which we are still to look at. For example external travels will be minimized and we will look at the numbers of people that are included during such trips. However, sectors that will not be affected are those that bring job creation, economic growth, education, and welfare of the elderly and orphans., he further added.
Making his speech at the opening of 3rd session of 10th parliament, His Majesty King Mswati III said, “As we take a microscopic look at our economy, indicators point towards a decline in the gross domestic product (GDP) from 2.5% in 2014 to 1.7% in 2015. ”
It requires government spending to be aligned to available resources. Efforts should also be made to improve the regulatory framework in business by removing constraints which hinder public private sector partnerships (PPPs) and foreign direct investments.