Thursday, May 15, 2014

King of impoverished Swaziland increases household budget to $61million...

Swaziland's King Mswati III has increased his annual household budget for 2014 by more than 10% to $61m as a large public wage bill continues to put pressure on the impoverished country.

The budget of the king, whose personal fortune is estimated at about $200m, makes provisions for his salary, his mother's upkeep and royal aides.

It also includes provisions for construction work on palaces that will cost the taxpayer about $12.6m.

The royal budget is not debated in parliament, as discussions would be seen as challenging Africa's last absolute monarch.

Mswati, who rules Swaziland with an iron fist, has resisted democratic reforms. His extravagant lifestyle amid vast poverty has been criticised by pro-democracy activists. Full story...

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