Nationwide Discussion on 2022/23 National Budget
Episode 2069, Oct 04, 2022, 06:03 AM
The Transitional National Legislative Assembly has passed a 1.4 trillion South Sudanese Pounds budget for the 2022/2023 Fiscal Year. The budget is with a deficit of 506 billion SSP.
Budgeting under global macroeconomic constrains, caused impact of the war in Ukraine, Covid-19, climate change, Moreover, endogenous factors; such as poor road infrastructure, inter-communal conflicts, and insecurity in some parts of the country, are some of the challenges that will affect South Sudan economy during the implementation of the proposed FY 2022/2023 budget.
Two areas of focus: peace implementation and infrastructure (roads)
Further drop in oil production from the 156,000 bpd to 150,000 bpd in 2022/2023
The negative impact of the flood will also contribute to an economic contraction from 2.8. to 2.1 percent of growth.
Public debt stands at 2 billion dollar and more borrowing is expected to fill the gap this year. he projected revenue for FY 2022/2023 amounts to SSP 832.8 billion, while proposed spending stands at SSP 1.3 trillion. This means a gap of SSP 560 billion will be financed through borrowing and other sources.
Listen to the full discussion with the Former Executive Director of the Minister of Presidential Affairs, former State Coordinator of World Bank Project in Lakes State and Northern Bahr el Ghazal Sunday Manyang Agok.
Budgeting under global macroeconomic constrains, caused impact of the war in Ukraine, Covid-19, climate change, Moreover, endogenous factors; such as poor road infrastructure, inter-communal conflicts, and insecurity in some parts of the country, are some of the challenges that will affect South Sudan economy during the implementation of the proposed FY 2022/2023 budget.
Two areas of focus: peace implementation and infrastructure (roads)
Further drop in oil production from the 156,000 bpd to 150,000 bpd in 2022/2023
The negative impact of the flood will also contribute to an economic contraction from 2.8. to 2.1 percent of growth.
Public debt stands at 2 billion dollar and more borrowing is expected to fill the gap this year. he projected revenue for FY 2022/2023 amounts to SSP 832.8 billion, while proposed spending stands at SSP 1.3 trillion. This means a gap of SSP 560 billion will be financed through borrowing and other sources.
Listen to the full discussion with the Former Executive Director of the Minister of Presidential Affairs, former State Coordinator of World Bank Project in Lakes State and Northern Bahr el Ghazal Sunday Manyang Agok.