National Development Plan, 2019/2020- 2021/2022.
Country
Type of law
Policy
Abstract
This Plan (NDP) is geared towards the economic recovery of the Kingdom of Eswatini. The main goals of the plan is to revitalize the economy, attain sustainable economic recovery, activate the private sector, improve the livelihood of citizens, among others. It places fiscal discipline, sustainable growth and private sector development at its core focus. More specifically, this economic recovery is to be achieved through a reform of the private sector through a short term fiscal consolidation, ensuring that this sector ultimately drives the economy. The Plan is to be financed on the principle of a balanced budget aimed at introducing fiscal discipline and achieving sound macroeconomic management in the medium term. Essentially, this Plan incorporates the Government of Eswatini’s Strategic Roadmap and informs the Plan of Action 2018-2023 with aims to restore the development structure necessary for the coherent and justified allocation of resources. The Plan notes its limitations, mostly the lack of quantifiable baselines, thus, it calls for increased investment on research, surveys and data collection to bridge this gap. The period of implementation of the NDP is characterised by financial challenges and this is a major constraint to implementation. To adequately tackle these challenges, a new approach is to be administered, based on the following principles, including: Focus on priorities of priorities; Establish clear accountability; Set targets and develop detailed action plans; Allocate resources to high impact, high marginal returns prioritised activities; Create an enabling policy and regulatory environment; Monitor and track progress; and Communicate, collaborate and co-operate. Emphasis will be laid on implementing critical interventions that will enable the attainment of the key priority areas of stabilisation of the macroeconomic environment, agriculture and food security, sufficiency in energy. The Plan include a more inclusive, sustainable and effective management of natural resources and the environment, with resilience to climate change and with a sustainable disaster risk management mechanism.
Attached files
Date of text
Repealed
No
Source language
English
Legislation Amendment
No