The Eswatini Revenue Service (ERS) has reported its highest revenue collection since the onset of the COVID-19 pandemic, marking a major milestone in the country’s economic recovery.
Speaking during the ERS Client Appreciation Day held at the Happy Valley Hotel in Ezulwini, Edward Groening, Head of Business Development Strategy, presented the key financial highlights for the 2023/2024 fiscal year.
“We are on the right path,” Groening declared, as he revealed that ERS recorded a remarkable E14.6 billion in revenue collections—representing a 12% increase compared to the previous year.
Groening emphasized that the revenue performance was not simply the result of economic growth. “The ERS had outperformed nominal GDP growth, which stood at 8.7%, proving that internal efficiencies and improved compliance played a greater role than just economic expansion,” he explained.
The surge in revenue is widely seen as a reflection of stronger tax administration, better compliance rates among businesses, and ongoing efforts to digitise revenue collection processes.
Stakeholders attending the event included senior government officials, representatives from the private sector, and development partners. The appreciation day served both to celebrate ERS’s achievements and to deepen engagement with the taxpayer community.
The Client Appreciation Day is part of ERS’s broader strategy to foster transparency, build trust with clients, and encourage continued cooperation in boosting the country’s domestic revenue mobilisation.
With its latest financial performance, ERS has positioned itself as a critical player in Eswatini’s economic stability and development agenda, as the country continues to recover and rebuild in the post-pandemic era.
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