Rédaction Africa Links 24 with SudanTribune
Published on 2024-04-09 01:34:03
April 8, 2024 (JUBA) – South Sudan is facing economic challenges, with its finance minister, Awow Daniel Chuang, expressing concerns about the country’s heavy reliance on oil exports and the impact of the war in neighboring Sudan.
Chuang painted a grim picture of the economy in a statement broadcasted on state media. He addressed the difficulties in paying civil servant salaries, attributing it to the disruption in oil flows through Sudan, a critical export route for South Sudan. With over 90% of the country’s revenue coming from oil, the funding shortage has become a pressing issue.
Acknowledging the situation, Chuang assured citizens that the government is taking steps to address the crisis. He mentioned working closely with institutions such as the revenue authority, central bank, and the ministries of finance and petroleum to secure funds for government operations and salary payments. Efforts also included seeking short-term support from friendly nations and exploring alternative revenue sources.
One of the main concerns highlighted by the minister was the challenge faced by civil servants who have not received their salaries for months. Chuang recognized the hardship this has caused, particularly with the increasing market prices, and promised to address the issue. While acknowledging that a one-month salary payment may not solve all problems, he reiterated the government’s commitment to finding solutions for outstanding salaries.
In an effort to reduce the country’s dependence on oil, Chuang emphasized the importance of economic diversification. He stressed that overreliance on oil is unsustainable and outlined plans to explore other sectors such as agriculture, livestock, and fisheries to build a more resilient economy. Additionally, he encouraged citizens to engage in productive activities that contribute to long-term stability.
As South Sudan navigates through these economic challenges, Chuang’s message resonates with the need for a strategic shift towards a more diversified and sustainable economy. The government’s efforts to secure funds, support civil servants, and explore alternative revenue streams are essential steps in overcoming the current crisis and building a more stable future for the country.
Read the original article on Sudan Tribune
