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

Turkey: No Ransom Paid for Release of Hostages Held by IS Militants

President Erdogan hails release of hostages as diplomatic success but declines to be drawn on whether their release freed Ankara's hand to take more active stance against insurgents More

Audio Sierra Leone Ends Ebola Lockdown

Health ministry says it has reached 75 percent of its target of visiting 1.5 million homes to locate infected, educate population about virus More

US Pivot to Asia Demands Delicate Balancing Act

As tumult in Middle East distracts Obama administration, efforts to shift American focus eastward appear threatened 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.
Natural Gas Export Plan Divides Maryland Towni
X
Deborah Block
September 21, 2014 2:12 PM
A U.S. power company that has been importing natural gas now wants to export it. If approved, its plant in Lusby, Maryland, would likely be the first terminal on the United States East Coast to export liquefied natural gas from American pipelines. While some residents welcome the move because it will create jobs, others oppose it, saying the expansion could be a safety and environmental hazard. VOA’s Deborah Block examines the controversy.
Video

Video Natural Gas Export Plan Divides Maryland Town

A U.S. power company that has been importing natural gas now wants to export it. If approved, its plant in Lusby, Maryland, would likely be the first terminal on the United States East Coast to export liquefied natural gas from American pipelines. While some residents welcome the move because it will create jobs, others oppose it, saying the expansion could be a safety and environmental hazard. VOA’s Deborah Block examines the controversy.
Video

Video Difficult Tactical Battle Ahead Against IS Militants in Syria

The U.S. president has ordered the military to intensify its fight against the Islamic State, including in Syria. But how does the military conduct air strikes in a country that is not a U.S. ally? VOA correspondent Carla Babb reports from the Pentagon.
Video

Video Iran, World Powers Seek Progress in Nuclear Talks

Iran and the five permanent members of the U.N. Security Council plus Germany, known as the P5 + 1, have started a new round of talks on Iran's nuclear program. VOA State Department correspondent Pam Dockins reports that as the negotiations take place in New York, a U.S. envoy is questioning Iran's commitment to peaceful nuclear activity.
Video

Video Alibaba Shares Soar in First Day of Trading

China's biggest online retailer hit the market Friday -- with its share price soaring on the New York Stock Exchange. The shares were priced at $68, but trading stalled at the opening, as sellers held onto their shares, waiting for buyers to bid up the price. More on the world's biggest initial public offering from VOA’s Bernard Shusman in New York.
Video

Video Obama Goes to UN With Islamic State, Ebola on Agenda

President Obama goes to the United Nations General Assembly to rally nations to support a coalition against Islamic State militants in Iraq and Syria. He also will look for nations to back his plan to fight the Ebola virus in West Africa. As VOA White House correspondent Luis Ramirez reports, Obama’s efforts reflect new moves by the U.S. administration to take a leading role in addressing world crises.
Video

Video Migrants Caught in No-Man's Land Called Calais

The deaths of hundreds of migrants in the Mediterranean this week has only recast the spotlight on the perils of reaching Europe. And for those forunate enough to reach a place like Calais, France, only find that their problems aren't over. Lisa Bryant has the story.
Video

Video Westgate Siege Anniversary Brings Back Painful Memories

One year after it happened, the survivors of the terror attack on Nairobi's Westgate Shopping Mall still cannot shake the images of that tragic incident. For VOA, Mohammed Yusuf tells the story of victims still waiting for the answer to the question 'how could this happen?'
Video

Video Militant Assault in Syria Displaces Thousands of Kurds

A major assault by Islamic State militants on Kurds in Syria has sent a wave of new refugees to the Turkish border, where they were stopped by Turkish border security. Turkey is already hosting about 700,000 Syrian refugees who fled the civil war between the government and the opposition. But the government in Ankara has a history of strained relations with Turkey's Kurdish minority. Zlatica Hoke reports Turkey is asking for international help.
Video

Video Whaling Summit Votes to Uphold Ban on Japan Whale Hunt

The International Whaling Commission, meeting in Slovenia, has voted to uphold a court ruling banning Japan from hunting whales in the Antarctic Ocean. Conservationists hailed the ruling as a victory, but Tokyo says it will submit revised plans for a whale hunt in 2015. Henry Ridgwell reports from London.
Video

Video A Dinosaur Fit for Land and Water

Residents and tourists in Washington D.C. can now examine a life-size replica of an unusual dinosaur that lived almost a hundred million years ago in northern Africa. Scientists say studying the behemoth named Spinosaurus helps them better understand how some prehistoric animals adapted to life on land and in water. The Spinosaurus replica is on display at the National Geographic museum. VOA’s George Putic has more.
Video

Video Iraqi Kurdistan Church Helps Christian Children Cope find shelter in churches in the Kurdish capital, Irbil

In the past six weeks, tens of thousands of Iraqi Christians have been forced to flee their homes by Islamic State militants and find shelter in churches in the Kurdish capital, Irbil. Despite U.S. airstrikes in the region, the prospect of people returning home is still very low and concerns are starting to grow over the impact this is having on the displaced youth. Sebastian Meyer reports from Irbil on how one church is coping.


Carnage and mayhem are part of daily life in northern Nigeria, the result of a terror campaign by the Islamist group Boko Haram. Fears are growing that Nigeria’s government may not know how to counter it, and may be making things worse. More

AppleAndroid