Business

South Sudan’s 2021-22 fiscal year budget slashed to $700M

By Tapeng Michael

South Sudan government has agreed to a new 2021-2022 fiscal year budget of 287.04 billion South Sudanese Pounds ($700m) way below a 613 billion SSP ($1.8bn) it first proposed in July.

According to Information Minister Michael Makuei Lueth, the estimates will be funded through oil and nonoil revenues as well as external grants.

Lueth did not explain the drastic cuts.

“This budget was discussed and passed with some amendments in the figures, and the Minister of Finance and Planning was directed to present the bill to the Transitional Legislative Assembly for consideration,” he told reporters on Friday.

Editorial

Recent Posts

Finance Minister backtracks on advanced oil sale remarks

The South Sudan Minister of Finance and Planning Agak Achuil Lual has made a dramatic…

2 years ago

Torit county education supervisors trained on data collection

The Africa Educational Trust (AET) has on Wednesday conducted a three-day training based on data…

2 years ago

Government urged to invest in food production

Development partners including the United Nations Development Program (UNDP) have urged the government to prioritise…

2 years ago

Fire Koch, Mayendit commissioners – gov’t told

The United States government has questioned the decision by the transitional government of national unity…

2 years ago

Kenya apologises to Kiir after Biar’s ‘inappropriate’ remarks

Kenya’s media conglomerate Standard Group has apologised to South Sudanese President Salva Kiir after exiled…

2 years ago

South Sudan risks returning to conflict, says deputy speaker

By Awan Achiek The First Deputy Speaker of parliament has warned the country risks returning…

2 years ago