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Analysis by Region - Emerging Markets - Eswatini

Publisher Oxford Economics
Published Mar 27, 2026
Length 4 Pages
SKU # OFE21077032

Description

Eswatini’s latest budget points to a sharp increase in public investment, which is likely to significantly widen fiscal deficits. Record shortfalls are expected over the next two years, driven by higher capital spending on major infrastructure projects, including a large water transfer scheme, road upgrades, and a strategic oil storage facility. While relatively low debt levels give the government room to adopt a more expansionary fiscal stance, past delays in project implementation suggest the deficit may be smaller than officially projected. Even so, the shortfall is expected to remain wide, supporting economic growth.

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4 Pages
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