South Sudan Relies on Oil Revenues to Address Budget...
International News
October 17, 2024
South Sudan is turning to its oil revenues to bridge the gap in its national budget, according to officials. Oliver Mori Benjamin, spokesperson for the country’s parliament, emphasized the importance of oil as a critical revenue stream for financing public services and infrastructure. With global oil prices affecting its income, James Alic Garang, Governor of the Bank of South Sudan, pointed out that efforts are being made to ensure fiscal stability and reduce reliance on foreign aid.