Posts Tagged ‘personal fortune’
A Swazi Member of Parliament has urged the government to hike taxes on traditional healers and soothsayers to help solve a funding crisis in Africa’s last absolute monarchy.
The mediums, known as sangomas in the landlocked southern African nation, pay an annual $1.15 license fee, but MP Majahodvwa Khumalo said they had jacked up their fees fourfold in the last few years and should pay more…
Swaziland’s budget deficit ballooned to 15 percent of its annual economic output in 2010 but the government managed to keep itself afloat by running through central bank reserves and delaying payment of wages to civil servants.
The International Monetary Fund declined to launch a bailout because of reluctance by King Mswati III, who has at least a dozen wives and a personal fortune estimated at $200 million, to cut royal or military spending.
Well, they asked him to do twice as much as would satisfy most Americans. We don’t have any royals to get rid of.
Excepting the ones in Congress, that is.