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South Sudan’s 2021-22 fiscal year budget slashed to $700M

By Tapeng Michael

South Sudan government has agreed to a new 2021-2022 fiscal year budget of 287.04 billion South Sudanese Pounds ($700m) way below a 613 billion SSP ($1.8bn) it first proposed in July.

According to Information Minister Michael Makuei Lueth, the estimates will be funded through oil and nonoil revenues as well as external grants.

Lueth did not explain the drastic cuts.

“This budget was discussed and passed with some amendments in the figures, and the Minister of Finance and Planning was directed to present the bill to the Transitional Legislative Assembly for consideration,” he told reporters on Friday.

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