Examining factors that lead to the increasing deficit in the Government of Swaziland
Loading...
Date
2017
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of Namibia
Abstract
This study investigated the factors that lead to fiscal deficits in the Swaziland
Government. The study's purpose was to gain insight into the causes of the fiscal
deficits in the Swaziland Government. The main objective of this study is to examine
the factors that lead or influence the increasing budget deficit in the Government of
Swaziland. Specific objectives were: to ascertain the laws, regulations, government
practices and methods that relate to the collection of revenue and government
spending, to establish the revenue generation mechanisms that are in place in
govenunent and find out how these can be improved and to determine the key
challenges the government faces in expenditure controls.
The study used the mixed method research design which employed both qualitative
and quantitative research methods with no sample but employed the Distributed Log
(DL) approach using time series secondary data from 1968-2017. Data from the
findings revealed that government practices and overspending are the main culprits
of budget deficit in the form of overspending, decrease in revenue, a slow growing
economy, outdated subvention policy, poor revenue collection methods, corruption,
withdrawal of Withholding tax and also the fluctuation of SACU receipts. The study
recommends that Swaziland must reduce, its reliance on SACU revenues by
enhancing her revenue generating capacity in order to finance her expenditure
adequately and help increase the multiplier that further generates output for economic
growth. A quantitative research study is recommended to measure the real extent of
budget defic it prevalence
Description
A thesis submitted in partial fulfilment of the requirements for the Degree of Master of Business Administration Management Strategy
Keywords
Fiscal, Deficit, Government of Swaziland, Economic growth Swaziland, University of Namibia, Namibia