Home Business 2026 budget anchored on digital financial reform
Business

2026 budget anchored on digital financial reform

Share
Finance Minister Neal Rijkenberg says government is entering 2026 with growing confidence as preparations for the national budget advance under a fully digital financial management system. (Courtesy pic)
Share

MBABANE – Finance Minister Neal Rijkenberg says government is entering 2026 with growing confidence as preparations for the national budget advance, under a fully digital financial management system.

Speaking during a Ministry of Finance year-end team-building exercise at Malkerns Club, Rijkenberg said the upcoming budget will be the first to be prepared entirely through the Integrated Financial Management Information System (IFMIS), marking a major shift in how public finances are planned, managed and controlled.

He described IFMIS as a transformative reform for government, noting that the system replaces paper-based processes with a fully digital platform across all ministries.

According to the minister, the change is aimed at improving efficiency, accountability and real-time oversight of public spending.

“This next budget is being done in IFMIS,” Rijkenberg said, explaining that the system ensures all financial processes are handled electronically, reducing delays and strengthening expenditure control.

The minister acknowledged that the transition has placed demands on public finance officials, particularly as the rollout of IFMIS coincides with the annual budget cycle. He said finance teams worked through the Christmas and New Year period to ensure the 2026 budget will be delivered on time in February.

Rijkenberg praised officials at the Ministry of Finance for their role in safeguarding the country’s finances, saying their work is central to ensuring payments are made on time and fiscal resources are managed responsibly.

From a broader economic perspective, the minister said government’s focus in 2026 will remain on strengthening public financial management as a foundation for economic growth, job creation and improved service delivery.

He also used the opportunity to urge emaSwati to adopt prudent financial behaviour during the festive season, encouraging households to spend wisely, prioritise obligations such as school fees and consider ways to build additional income streams.

Rijkenberg said strategic use of bonuses or year-end payments, including small-scale investments, can help households build financial resilience over time, even under constrained economic conditions.

Looking ahead, the minister expressed optimism about 2026, saying government remains committed to improving economic performance, expanding employment opportunities and reducing poverty through disciplined fiscal management.

He concluded by thanking public servants for their contribution during a demanding year and wished emaSwati a peaceful festive season, reiterating the importance of responsible financial decision-making at both national and household levels.

The move to finalise Budget 2026 under IFMIS follows a year of intensified fiscal reforms at the Ministry of Finance, as government sought to strengthen public financial management amid tight fiscal space and rising demands on public resources.

*Full article available in our publication

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

Customary marriages declared in community of property

MBABANE – The High Court has declared the long-standing practice of treating marriages under Eswatini Law and Custom as being out of community...

Inyatsi Construction building foundations of First World future

For more than four decades, Eswatini has witnessed one of the most significant periods of infrastructure development in its history. Under the leadership...

No more USA Visa processing in Eswatini

MBABANE – In a move that will significantly alter travel logistics for Eswatini nationals, the United States Embassy in Mbabane will cease accepting...

King moves to save Ncangosini residents from eviction

KONTSHINGILA – Hundreds of residents living on a privately owned farm at Ncangosini, Kontshingila, are set to be spared from eviction after an...

Each MP set for E1m handshake

MBABANE – When the 12th Parliament assumed office in 2023, an ordinary Member of Parliament (MP) was earning a basic monthly salary of...

Related Articles

Eswatini among southern Africa’s fastest-growing economies

MBABANE – Eswatini is expected to remain among Southern Africa’s strongest-performing economies...

ERS coming for high-net-worth individuals

MBABANE – Eswatini Revenue Service (ERS) is seeking to ensure wealthy individuals...

SA economic woes cast shadow on Eswatini 

MBABANE – Eswatini remains one of Southern Africa’s stronger fiscal performers, although...

SADC banks resilient despite global economic pressures

EZULWINI – Regional banking systems have remained sound and well-capitalised despite mounting...