AfDB backs reforms as arrears fall to E2.7bn in 3yrs
Government arrears in Eswatini have dropped to E2.7 billion over three years. The African Development Bank supports these public finance reforms. Despite the drop, outstanding payments are still higher than the national target. Arrears previously stood at 5.2 percent of the gross domestic product at the end of the 2022/23 financial year.
MBABANE – Government arrears have declined to E2.7 billion as Eswatini advances public finance reforms, although outstanding payments remain above the country’s target. The African Development Bank (AfDB), in its latest implementation progress and results report, said arrears declined from 5.2 per cent of gross domestic product (GDP) at the end of the 2022/23 financial […] The post AfDB backs reforms as arrears fall to E2.7bn in 3yrs appeared first on Times of Eswatini .