By Bid Elly David
Council of ministers has deliberated and passed a whopping 1.8 trillion South Sudanese Pounds as 2023/2024 fiscal year financial budget.
The fiscal budget was passed in Friday’s ordinary council of ministers meeting chaired by President Salva Kiir Mayardit under the theme; “consolidation of peace and stabilization of the economy.”
National minister of finance and economic planning, Dr. Dier Tong Ngor presented the draft budget before the cabinet for deliberation, passing and referred to the parliament.
Information minister, Michael Makuei Lueth, said the budget prioritized increment of salaries by 400% accordingly with necessary amendments of some issues that affected some ministries.
He stated that the budget also covers SSP 50 billion arrears that accumulated in all the ministries as well as SSP 47.9 billion for Constitutional Development Fund (CDF).
Early this year, Lily Albino Akol, the cluster’s spokesperson said the draft budget estimates for the Financial Year 2023/2024 faces funding shortfall, due to the recorded significant drop in oil production.