rapid assessment of the impact of the fiscal crisis in swaziland - IRIN

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rapid assessment of the impact of the fiscal crisis in swaziland - IRIN

TABLE OF CONTENT

Foreword

Acknowledgments

Executive summary

I. Introduction

II. The fiscal crisis from the aggregate perspective

II.1 Key longer term challenges: growth acceleration and job creation

Growth subdued in 2000s

High unemployment and poverty

II.2 Fiscal crisis in 2011, improved outlook for 2012

SACU revenue boom led to fiscal structural imbalances

Liquidity shortages addressed with ad hoc measures

Negative implications for growth and employment

CMA membership constraints monetary policy

Improved fiscal outlook for 2012/2013

II.3 Social impact of the fiscal crisis

III. The fiscal crisis from the household perspective

III.1 Survey: objectives, analytical framework and methodology

Objectives

Analytical framework

Methodology

III.2 Household’s demographic characteristics and sources of livelihood

Household size

Sources of livelihood

III.3 Shocks experienced by households during 12 months prior to the survey

Overall shocks

Shocks through the labor market channel

III.4 Households’ coping strategies

Budget management strategies

Income generating strategies

Social protection schemes

III.5 Households’ welfare

Food consumption

Access to social services

IV. Conclusions and policy recommendations

Annex I – Figures and tables

Annex II – Sampling and data collection

References

2

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