MBABANE: King Mswati has emphasized the importance of collecting more taxes internally instead of relying on the South African Customs Union(SACU).
Taxes in eSwatini are used to sustain Mswati’s lavish lifestyle.
Speaking in Parliament on Friday when delivering his speech from the Throne, the King said while SACU remains the main source of revenue, this source was volatile and uncertain.
“The SACU revenue formula is in the process of being reviewed and could result in decreased receipts going forward.With these projections in mind, it is important to ensure we utilize the gains to save for dry days. It is equally important to strengthen the collection of revenue internally, while pursuing cost-cutting measures,” said the King.
King Mswati when delivering speech from the Throne.