News / Africa

South Sudan Finance Minister Seeks More Non-Oil Revenues

South Sudanese lawmakers listen as Finance Minister Aggrey Sabuni Tisa presents the 2014-15 budget.
South Sudanese lawmakers listen as Finance Minister Aggrey Sabuni Tisa presents the 2014-15 budget.

South Sudan Minister of Finance Aggrey Sabuni Tisa urged the country to diversify its economic base so that it collects more revenues from sources other than oil as he presented the 2014-15 budget to lawmakers this week.

Oil brings in the lion's share of South Sudan's revenues, and the government expects it to bring in 8.9 billion South Sudanese pounds in revenue this fiscal year, or nearly 80 percent of the 11.3 billion pound budget submitted to parliament this week by President Salva Kiir.

Non-oil revenue is expected to be less than half of what oil brings in. Tisa predicted it will be bring in approximately 3 billion pounds and will come from sales taxes, customs and excise duties, personal income and business taxes, and license and other fees paid to the government. 

Second largest budget in South Sudan history

The budget is the second largest in the country's history. Only last year's budget was larger, at 18.6 billion pounds, or around $5.8 billion.

Nearly half of last year's budget was used to pay back loans the country took out when a row with Sudan over pipeline transit fees led to South Sudan shutting down oil production in 2012.

Presenting the 2014-15 budget to lawmakers, Tisa said its primary focus will be to "maintain security, keep government running and provide core services."

More than a third of the budget -- 4 billion South Sudanese pounds -- will go to the security sector. 

"We will also make efforts to pay down our debts and pay off some of our arrears, so that our finances remain on a sustainable footing. We will also support a few carefully selected investments to underpin our peace and reconstruction efforts,” he said.

Two-hundred-and-sixty-million pounds will go toward paying interest on outstanding debts and 800 million pounds to debt arrears.

Education was allocated 6.2 million pounds, and health around 4 million pounds.

Anti-fraud measures

Tisa called for an overhaul of revenue collection in South Sudan. Among other things, he said South Sudan needs laws that ensure that revenues do not disappear into the the pockets of corrupt officials.

“We need to streamline our revenue administration to maximize our revenue collections, minimize leakages and reduce the cost of doing business," he said.

The Treasury will "work closely with the Ministry of Justice in order to ensure that spending agencies do not enter into new contracts for which they have no budgetary allocation,” Tisa said.

South Sudan's fiscal year runs from July to June. Lawmakers are expected to pass the 2014-15 budget this month.

You May Like

Photogallery Americans Celebrate Thanksgiving With Feasts, Festivities

Holiday traditions include turkey dinners, 'turkey trots,' American-style football and New York parade with giant balloons More

Video For Obama, Ferguson Violence is a Personal Issue

With two years left in term, analysts say, president has less to lose by taking conversation on race further More

Video Italian Espresso Expands Into Space

When Italian astronaut Samantha Cristoforetti headed for the ISS, her countrymen worried how she would survive six months drinking only instant coffee More

This forum has been closed.
Comment Sorting
Comments
     
by: Lisa from: Tx
July 03, 2014 8:18 PM
Mr presendent kiir. Yes we would like to see economic growth. By collection of Revenues through the government taxes. My point is why not stand up as presendent, talk about the distribution of food to the communities we all know that some area have no access to food. Your minister of finance he did not mention anything about food security,people are dying no food of their own but depending on UN which is not enough. Mr presendent, the government depend on the peoples taxes, but if we have food insecurity how are you going to collect the taxes from south sudanese who can't even keep the savings for their children , instead its hand to month. Save the women and children like that woman who have walk for almost 10 hours looking for food with her kids. Am asking you the members of pearliment to help so that people don't die because of hunger, if you people eat and the people who elected you have no food for their families do you think that God is happy with you. If you can't give their children food. Excuse me, if your elected by the people in your community then make sure you don't see any food security in your areas pray and think about it or don't eat until that poor child have something to eat. If it means to beg go a head and do so your appointed to help Jesus. By helping the innocent and the suffering.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
South Africa Sees Male Circumcision as Way to Reduce HIV Infectionsi
X
November 28, 2014 3:31 PM
South Africa remains plagued by AIDS despite massive government and NGO efforts on prevention and life-sustaining Anti-Retro-Viral programs. But the country has opened up another front to reduce new HIV infections: promoting circumcision. Emilie Iob reports for VOA News from a pioneering circumcision center in Orange Farm, Johannesburg.
Video

Video South Africa Sees Male Circumcision as Way to Reduce HIV Infections

South Africa remains plagued by AIDS despite massive government and NGO efforts on prevention and life-sustaining Anti-Retro-Viral programs. But the country has opened up another front to reduce new HIV infections: promoting circumcision. Emilie Iob reports for VOA News from a pioneering circumcision center in Orange Farm, Johannesburg.
Video

Video To Make A Living, Nairobi Street Vendors Face Legal Hurdles, Physical Violence

The Nairobi City Council has been accused of brutality in dealing with hawkers in the Central Business District - in order to stop them from illegally selling their wares on the streets. Lenny Ruvaga has more for VOA News from the Kenyan capital.
Video

Video For Obama, Ferguson Violence is a Personal Issue

Throughout the crisis in Ferguson, Missouri, President Barack Obama has urged calm, restraint and respect for the rule of law. But the events in Ferguson have prompted him to call — more openly than he has before — for profound changes to end the racism and distrust that he believes still exists between whites and blacks in the United States. VOA White House correspondent Luis Ramirez reports.
Video

Video Online Magazine Gets Kids Discussing Big Questions

Teen culture in America is often criticized for being superficial. But an online magazine has been encouraging some teenagers to explore deeper issues, and rewarding their efforts. VOA religion reporter Jerome Socolovsky went to this year’s Kidspirit awards ceremony in New York.
Video

Video US Community Kicks Off Thanksgiving With Parade

Thursday is Thanksgiving in the United States, a holiday whose roots go back to the country's earliest days as a British colony. One way Americans celebrate the occasion is with parades. Anush Avetisyan takes us to one such event on the day before Thanksgiving near Washington, where a community's diversity is on display. Joy Wagner narrates
Video

Video Aung San Suu Kyi: Myanmar Opposition to Keep Pushing for Constitutional Change

Myanmar opposition leader Aung San Suu Kyi says she and her supporters will continue pushing to amend a constitutional clause that bars her from running for president next year. VOA's Than Lwin Htun reports from the capital Naypyitaw in this report narrated by Colin Lovett.
Video

Video Mali Attempts to Shut Down Ebola Transmission Chain

Senegal and Nigeria were able to stop small Ebola outbreaks by closely monitoring those who had contact with the sick person and quickly isolating anyone with symptoms. Mali is now scrambling to do the same. VOA’s Anne Look reports from Mali on what the country is doing to shut down the chain of transmission.
Video

Video Ukraine Marks Anniversary of Deadly 1930s Famine

During a commemoration for millions who died of starvation in Ukraine in the early 1930s, President Petro Poroshenko lashed out at Soviet-era totalitarianism for causing the deaths and accused today’s Russian-backed rebels in the east of using similar tactics. VOA’s Daniel Shearf reports from Kyiv.
Video

Video Hong Kong Protests at a Crossroads

New public opinion polls in Hong Kong indicate declining support for pro-democracy demonstrations after weeks of street protests. VOA’s Bill Ide in Guangzhou and Pros Laput in Hong Kong spoke with protesters and observers about whether demonstrators have been too aggressive in pushing for change.
Video

Video US Immigration Relief Imminent for Mixed-Status Families

Tens of thousands of undocumented immigrants in the Washington, D.C., area may benefit from a controversial presidential order announced this week. It's not a path to citizenship, as some activists hoped. But it will allow more immigrants who arrived as children or who have citizen children, to avoid deportation and work legally. VOA's Victoria Macchi talks with one young man who benefited from an earlier presidential order, and whose parents may now benefit after years of living in fear.
Video

Video New Skateboard Defies Gravity

A futuristic dream only a couple of decades ago, the hoverboard – a skateboard that floats above the ground - has finally been made possible. While still not ready for mass production, it promises to become a cool mode of transport... at least over some surfaces. VOA’s George Putic reports.
Video

Video Falling Gas Prices Impact US Oil Extraction

With the price of oil now less than $80 a barrel, motorists throughout the United States are benefiting from gas prices below $3 a gallon. But as VOA’s Kane Farabaugh reports, the decreasing price of petroleum has a downside for the hydraulic fracturing industry in the United States.

All About America

AppleAndroid