By Welcome N. Nxumalo and Nomvuyo F. Hlophe
Understanding and assessing fiscal sustainability is essential in ensuring
financial and macro-economic stability. Fiscal sustainability has emerged as an important
subject for Swaziland given the increasingly volatile government revenues especially those
coming through the South African Customs Union (SACU), which threw the country into a
severe fiscal crisis between 2010 and 2012, as well as the pressures on increased government
spending in the post-fiscal crisis era.