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The plan, which has won the qualified backing of the European Commission, includes public wage freezes and spending cuts.
In a recent report, the IMF criticised the Swaziland government's high public wage bill of $34m a month.
The terms of a second bailout are tough, including a 10% cut in public spending, and a 33% reduction in the public wage bill.
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.
E.U. ministers reckon that Greece should take more drastic steps quickly to cut its public wage bill, increase the value added tax and further increase the fuel tax to achieve a promised deficit reduction this year of 4 percent of G.D.P.
Hence, it is expected to correlate positively with the public wage premium.
Similar(41)
State benefits, public wages and pensions are being cut.
He also promised that public wages would rise in line with inflation.
Ireland, the first economy to stumble, has taken the most severe fiscal action, cutting public wages sharply.
As an example, she said the government, after pledging not to increase public wages, had recently "given a bad signal" by then granting salary demands from striking teachers.
It has also approved some public sector reforms, removing inflation-linked reviews of public wages, prices and indices used by public administrations.
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