Research Article
Assessing Swaziland’s Fiscal Sustainability and Policy Options
Table 2
Evolution of key macroeconomic variables (GDP ratios)
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| | Tax | Expenditure | Primary surplus | Debt | Growth | Interest rate |
| 2000 | 0.24 | 0.27 | 0.004 | 0.21 | 0.10 | 0.03 | 2001 | 0.24 | 0.29 | −0.004 | 0.22 | 0.02 | 0.04 | 2002 | 0.24 | 0.30 | −0.015 | 0.30 | 0.02 | 0.06 | 2003 | 0.26 | 0.30 | −0.006 | 0.23 | 0.02 | 0.05 | 2004 | 0.30 | 0.34 | −0.022 | 0.21 | 0.03 | 0.05 | 2005 | 0.32 | 0.34 | −0.005 | 0.17 | 0.02 | 0.06 | 2006 | 0.38 | 0.30 | 0.084 | 0.15 | 0.03 | 0.06 | 2007 | 0.35 | 0.32 | 0.084 | 0.17 | 0.04 | 0.06 | 2008 | 0.37 | 0.38 | 0.024 | 0.15 | 0.02 | 0.06 | 2009 | 0.33 | 0.40 | −0.052 | 0.17 | 0.01 | 0.06 | 2010 | 0.22 | 0.37 | −0.116 | 0.13 | 0.02 | 0.07 | 2011 | 0.23 | 0.34 | −0.100 | 0.17 | 0.01 | 0.08 | 2012 | 0.24 | 0.33 | −0.051 | 0.17 | 0.01 | 0.08 |
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Source: MoF, Government of Swaziland. Except interest rates and GDP growth.
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