South Sudan cabinet approves 290 billion-pounds fiscal budget

JUBA – A meeting of South Sudan Council of Ministers chaired by President Salva Kiir Mayardit has on Friday approved  nearly 290 South Sudanese Pounds for the fiscal year 2021/2022.

South Sudan has not been operating with an approved budget for  the last two years.

Speaking to reporters following the weekly cabinet meeting in Juba on Friday, information minister and government spokesman Michael Makuei Lueth said the budget include revenues that will be generated from oil and non-oil sources.

“This budget includes the revenues that will be generated from oil and revenue that will be generated from non-oil plus grants that we will get from some of the countries,” Makuei said.

The details of the 287 billion budget and its priorities have not been made public, but the minister of finance is expected to table the draft budget before the R-TNLA, for timely endorsement by the August house.