Nedbank Business Watch || 01-07-2026

The Eswatini Revenue Service Amendment Bill 2026 proposes allowing the Eswatini Revenue Service to retain a portion of collected revenue to supplement its government subvention, representing a shift from traditional government funding models. This arrangement aims to improve operational efficiency by reducing bureaucratic delays in revenue remittance, but introduces principal-agent dynamics where the agency may prioritize its own operational needs over maximizing government revenue collection. The bill requires careful consideration of retention percentages, ceiling mechanisms, and accountability safeguards to ensure that while the agency has sufficient operational liquidity, the government maintains fiscal control and oversight. This reform reflects broader debates about balancing institutional autonomy with public accountability in public finance management.