South Sudan On Track To Lift Austerity Measures In January

This article was last updated on May 25, 2022

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The lift will however take place in the event that, oil continues to flow to the international market without any interruption by Sudan as it used to be in previous months, Kiir told the governors’ forum in Juba on Tuesday.

“Austerity measures will continue up to the 31st of December…I would like to reiterate that austerity measures will be lifted in January if the production of the oil will continue,” said the President.

“At that time the level of transfer of grand blocks to States will improve and it swift accountability will take place,” said Kiir.

He called traders to keep off from exploiting consumers by hiking prices of goods and services in the country on the claim that exchange rate of the local currency to hard currency is hard.

Last year, South Sudan economy was shaken following a bold decision by the government to shutdown its oil production following claims that Khartoum was looting the resources.

Being the main revenue the government depended on, the country had to adopt austerity measures in an effort to run the government.

Through hard diplomatic talks, intervention and breakthrough between Juba and Khartoum, the oil started flowing in January with government now looking forward on how to better the governance of the economy.

Despite recovering from the oil shutdown, the Ministry of Finance, Commerce, Investment and Economic Planning continues to prioritize payment of salaries to all Government spending agencies, a press release issued on Monday by the ministry stated.

October salaries are currently being disbursed and comprehensive measures are being taken to ensure revenues are available to cover November and December salaries.

In October the Finance ministry collected 98 million South Sudanese Pounds in non-oil revenue exceeding the monthly target of 90 million SSP set in September 2013.

The non-salary spending approved budget for July-Oct 2013 was 600 million SSP with the actual spending being 555 million SSP, according to the Finance Ministry.

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