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South Sudan develops strategy to improve financial management systems

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January 25, 2017 (JUBA) - South Sudan is developing a financial management strategy to improve revenues collection as it hopes to diversify its oil dependent economy, officials said.

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South Sudan finance minister Stephen Dhieu Dau (Getty)

The government, through its finance ministry is reportedly working with development partners, particularly the United Nations Development Programs (UNDP) on a multi-functional project aimed to support public financial management through improved national, state, and county-level government’s capacity to collect revenues.

As such, UNDP hopes that this improved tax revenue system will allow the Government of South Sudan to effectively manage the funds at all levels, and use the revenue to expand services to the public, such as funding education, health, and other urgent social services.

Already, the Jubek State Minister of Finance, John Ijino Lako has welcomed the partnership and support government received from UNDP, working in collaboration with partners to develop the strategy.

Lako said he remains optimistic about the improved tax revenue collection system.

"If the economy improves we will have industries, investors will come to South Sudan and people will be busy. They will have jobs, incomes, and they will be able to participate in activities. They will have the freedom and opportunities to go to school, have access to health care and able to develop their own businesses. Nobody will want to fight and war will be over,” said Lako during Tuesday’s launch of the plan.

South Sudan, he said, is a potentially rich country, although majority of the working population is engaged in subsistence agriculture and livestock rearing, the oil sector remains the main economic driver.

The Nile River, for instance, is one of its major natural features in the country, but remains largely untapped as an economic resource.

According to the finance minister, in 2016, UNDP experts in public financial management supported the development of a unified tax schedule, standardized training manual on non-oil revenue administration and trained 74 members of the state legislative assemblies from Yei River, Jebek, Aweil and Gbudwe on budget execution, monitoring, expenditure and value for public funds.

The Undersecretary for Planning at the Ministry of Finance, Wani Buyu Dyori, however, painted his own vision for the improved non-oil revenue management.

“With resources, states will be able to open roads which will improve access to rural areas and therefore the livelihoods of rural people. We will grow food and return to fishing, as we have from the Nile in previous times”, remarked Dyori.

The oil sector, which accounts for over 90% of government revenues, has been badly affected the recent war, in addition to the decline in oil prices on world markets

The conflict, which broke out in 2013, has negatively impacted on the nation’s citizens, including pushing the country to the brink of famine with 5.8 million people, nearly half of the population, in desperate need of humanitarian assistance, a joint U.N assessment report recently-showed.

Observers say despite being oil-rich, South Sudan is likely to record negative gross domestic product growth in 2016 after growing by 30.7 percent two years ago, largely due its conflict, decline in oil production and global fall in oil prices.

(ST)

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  • 26 January 05:11, by Ayuiu Makuac Lam

    The failure of economic in the country need two ways of adjustment:
    1. ease civil war immediately to get funds from donors,
    2. auctioning of Dollar in to black market is a more disaster it should be stop by government.
    The improvement of economy is not through revenue, collection, revenue are collecting in countrywide but individuals are benefiting.

    repondre message

    • 26 January 05:32, by jubaone

      Just a bunch of goons and idiots. What have you been doing all these 10yrs in the govt? Setting up strategies now is like putting up rules in the middle of a game. Set financial strategies first then implement. But good rules are useless if players themselves are hopeless. This is jienge logic: just foolish and stupid.

      repondre message

    • 26 January 06:44, by Midit Mitot

      Ayuiu Makuach Lam,
      You are absolutely right, improving without peace will not help South Sudan.

      repondre message

      • 26 January 07:00, by Posok Pape from Inside

        I hear starting to collect taxes from National to the counties,
        why do we forget so fast that this activities are already happening in the counties.

        repondre message

    • 26 January 07:50, by Mr. Right

      Ayuic, I don’t see anything wrong with us developing quality financial management systems in order to maximize our revenues including our revenue generating sources.

      The corruption that has derailed our progress shall also be curbed. Tell me man, what’s wrong with us developing a viable financial strategy?

      repondre message

      • 26 January 08:11, by Ayuiu Makuac Lam

        Mr. right
        minister is talking about improvement of economic through revenue, and that thing I do disagree, the problem forcing our economy from worse to worsen are very visible things,(I) civil war, (ii) rampant corruption which is today using by our leaders etc those things are dragging the economy of young nation.
        if president Kiir, want to improve every things,let peace be available.

        repondre message

        • 26 January 08:37, by Mr. Right

          Well Ayuiu, we do need peace and stability as a platform for conducive business economic environment; no doubt about that and we all agree with you.

          However, we should not discard the need for transparency and accountability in our collection and utilization of our revenues to boost our economic growth i.e simply financial management and that’s what the minister is trying to improve.

          repondre message

          • 26 January 10:17, by Ayuiu Makuac Lam

            Mr Right
            management of revenue should not be improve when is no disarmament,look illegal guns is a serious caused of insecurity in the country war is still living with us how come for revenue to be improve? collection of revenue is now carrying on by everybody in South Sudan, like road traffic, CID, SPLA proper are making road block even robber’s and youths are also taxing revenue for their benefi

            repondre message

    • 26 January 10:58, by Nationalist

      Starting or drafting economic improvement strategy is critical, but at what stage of the economy should it be done and why.
      - There should be total peace & freedom of association
      - Better governance system
      - Accountability
      Can this so called minister ready about (West Germany Economic Miracle)or the Asian Dragons Economic recovery methodology

      repondre message

      • 26 January 12:39, by Bilpam- 2

        The main problem is the implementation.Yes,talking about the strategy to improve the financial management system is what each and every citizen expect from the government.But in South Sudan,such type of word’strategy’ if it is issued by the minister,it is to improve a thing,but to loot the public fund.

        Please,watch-out!

        repondre message

    • 27 January 15:25, by equatoriaWIN

      Jienge Buffoon,

      You know so much about money but only how to steal it. We do not need your opinion, plans, only for you to leave and explain it to god.

      repondre message

      • 27 January 15:45, by equatoriaWIN

        Equatoria have lead South Sudan through harder times than these will ever be, but only with small help from Nuer. Jienge will fix nothing because they have never fixed them. Please leave adult matters to Equaotira like always.

        repondre message

  • 26 January 08:17, by Muyi A

    This strategy will never work since same people who are looting our resources will be the same people to implement this strategy.
    my advise to Kiir is to come with strategy for everlasting peace that will be the only solution for south Sudanese deteriorating economy.

    repondre message

  • 26 January 10:10, by Kush Natives

    Mr. Stephen Dhieu,
    This is so regrettable for the government that been there since 2005, yet didn’t realized that, the regulations or laws are the ones that guides an organizations or governments. Juba was thinking that an oil revenues will exist forever. If not that, what was the Juba mindset all about? there’s nothing will move along the Nile river, all rebels are in hide out all along the Nile

    repondre message

  • 26 January 10:24, by Hitler Alive

    There has been FMIS operation manuals developed by UNDP since 2009, But these officialdom claiming to improve revenue management put it under their desk. If the ministry do not drain the old brains who had decayed in the office since 2005, no progress in next 100 years. so long as the same ass of cabinets since 2005 are being rotated like prostitutes in the ministries, donations’ looted.

    repondre message

  • 26 January 12:33, by White Nation

    Kiir is incompetency President and who does not know economic development strategy plan. let him resign from office.

    repondre message

    • 27 January 08:01, by Midit Mitot

      If no peace, no economic will be improving at all.

      repondre message

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