By Mbongeni Ndlela
MBABANE – As the festive season ramps up spending pressures, Minister of Finance Neal Rijkenberg has issued a timely reminder to Emaswati: plan your finances wisely.
Speaking during his weekly Finance in Focus discussion, the minister stressed the importance of prudent financial management, at the government and household levels.
Starting tomorrow, December 17, about 44,000 civil servants will receive a one per cent once-off salary “sweetener,” while companies begin paying out year-end bonuses.
Against this backdrop, Rijkenberg urged recipients to spend thoughtfully, keeping future obligations in mind.
Drawing parallels between the government’s supplementary budget process and personal budgeting, the minister explained how fiscal discipline is maintained through reallocations.
“We don’t allow ourselves as government to simply ask for more money,” he said. “Instead, we identify areas of underspending or savings and reallocate funds to cover unforeseen expenses while staying within the budget ceiling.”
Rijkenberg highlighted how this process ensures financial stability and prevents distress. “By moving funds within the budget, sometimes from capital to recurrent expenditure, we maintain our commitment to living within our means while meeting necessary obligations,” he stated.
Shifting focus to personal finances, Rijkenberg acknowledged the festive season’s financial demands. He urged individuals to budget carefully, particularly when receiving bonuses or unexpected payouts like the one percent “sweetener.”
“The festive season is filled with celebrations and added expenses, but we must remember that January brings significant financial challenges, such as school fees and other annual commitments,” he cautioned.
The minister advised Emaswati to think beyond the immediate joy of the holidays, emphasizing the importance of planning for the year ahead. “Plan your finances now to avoid starting the year in financial distress,” he said. “Even if your income seems small, budgeting is critical to managing what you have effectively.”
Rijkenberg concluded with a powerful reminder: financial discipline not only ensures peace of mind but also sets a positive example for future generations. “A well-thought-out financial plan is not just a tool for government; it’s a valuable habit for every individual.”
As the year draws to a close, the minister’s advice serves as a timely call to balance festive cheer with responsible financial planning, ensuring a smoother transition into the new year.
