29 March 2019 - NW666
Carter, Ms D to ask the Minister of Finance
Whether the Government entered into any agreement to assist the government of the Kingdom of eSwatini financially; if not, what is the position in this regard; if so, what are the relevant details of the financial assistance?
1. The Government of South Africa has not entered into an agreement to provide the government of the Kingdom of eSwatini with financial support.
2. Moreover, should such a formal request be received, it would need to be considered within the context of the challenging macroeconomic climate as outlined in the 2019/20 Budget Review, which highlights the following challenges:
2.1 Subdued economic growth, forecast at 1.9 percent real GDP growth for 2019/20,
2.2 An increasing budget deficit (forecast to increase from 4,2 percent in 2018/19 to 4.5 percent in 2019/20); and
2.3 the resultant fiscal consolidation measures currently being undertaken by government (reduction of baselines by R50.3 billion) to ensure that public finances are returned to a sustainable path.