South Sudan earns US$4.2 million from non-oil revenue in 2 months


South Sudan on Thursday revealed it earned 1.03 billion pounds (about 4.2 million U.S dollars) from non-oil revenue between November and December amid economic hardship.

Akol Ayii Madut, director general of Customs Service, said this shows positive progress in efforts toward widening the tax base amid challenges stemming from conflict and mobility due to under developed infrastructure.

“We raised 1.03 billion pounds within one and half month,” he told journalists in Juba.

South Sudan depends 98 percent on oil revenue to finance its fiscal budget and it planned to spend 600 million dollars in the 2018/19 fiscal year.

The country used to produce about 350,000 barrels per day (bpd) before reducing to below 130,000 bpd due to a five-year old conflict that devastated oil fields in the northern Unity region.

President Salva Kiir and his former deputy Riek Machar signed the revitalized peace agreement in Sept.12 to end a five-year conflict since outbreak in December 2013. Enditem

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