South Sudan’s revenue authority collects SSP64 billion in non-oil revenues
South Sudan's National Revenue Authority (NRA) announced on Thursday that it has surpassed its non-oil revenue collection target by SSP 64.4 billion, according to NRA Commissioner-General, Dr. Patrick Mugoya.
JUBA – South Sudan’s National Revenue Authority (NRA) announced on Thursday that it has surpassed its non-oil revenue collection target by SSP 64.4 billion, according to NRA Commissioner-General, Dr. Patrick Mugoya.
A Tanzanian national, Dr. Mugoya said non-oil revenues for financial years 2021-2021 was projected at 58.2 billion SSP and has increased to 64.4 billion SSP.
“For the current financial year of 2021-2022 which is ending next month, the government has set a target of 58.2 billion SSP as non-oil revenue,” Dr. Mugoya said during the opening of stakeholders’ consultative workshop in Juba on Thursday.
“I am happy to report that as of 30th April 2022, NRA has already surpasses this target, the actual gross from non-oil revenue by end of April amount to 64.4 billion SSP that is making the performances of NRA for ten months to exceed the target set for 12 months by more than 10%.”
He said the NRA collected 14.7 billion SSP in non-oil revenue for the financial year 2020-2021.
“When the current NRA management took over in October 2020, the government had set a target of 14.7 billion SSP as a non-oil revenue collection for the financial year 2020-2021,” he said.
“By the end of financial year by the end of June 2021, actual gross from non-oil revenue collections amounted to 47 billion SSP, this was more than three times the original target.”
He described the improvement in collection of non-oil revenues as a milestone to the economic growth of South Sudan.
“Our assessment on the performances I just allotted to shows that the potential to enhance non-oil revenue is indeed enormous as recognized by the founding father of this nation, the late John Garang,” he stated.
Established in 2018, the NRA is mandated to assess, collect, administer and enforce laws relating to taxation and revenues.
The establishment is one of the measures to reduce dependency on oil revenues, strengthen the non-oil revenue sector and strengthen expenditure control required to achieve short-term fiscal austerity objectives.
Sudans Post is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Sudan, South Sudan and East Africa, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the two countries and the region.