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Medium term budget policy statement: 2008/09 – 2010/11

Majozi V. Sithole, Minister of Finance

Government of Swaziland

November 2007

SARPN acknowledges the Government of Swaziland website as the source of this report: www.gov.sz
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Background

The government of Swaziland adopted the Medium Term Expenditure Framework (MTEF), which requires planning over a three-year period. This system of budgeting is an improvement on the annual budgeting system that was used previously. The MTEF advocates for public participation in the budgeting process coupled with transparency and accountability in the use of government resources. The purpose of this Policy Statement therefore is to inform the public of the policies that will guide the allocation of resources during the 2008/09 to 2010/11 period and to solicit the views of the public on the budget. This will allow broader understanding of the fiscal situation and enable the public to make meaningful contribution to the budget process. The last Policy Statement covering the period 2005/06 to 2007/08 was issued in 2004.

The 2007 Medium Term Budget Policy Statement (MTBPS) sets out the economic context for the 2008/09 budget and outlines the fiscal policy considerations that underlie government budget proposals for the next three years. The MTBPS aims to encourage the participation of Parliament, civil society, the private sector and the general public in addressing social, economic and developmental challenges currently facing the country. It also serves to assist government in reviewing its alignment of resource allocation to identified priorities.



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