Oil row chops South Sudan budget

Budget cut: South Sudan President Salva Kiir chops spending on oil feud with Sudan

South Sudan has slashed budget spending in half on the back of its bitter feud over oil with its neighbour to the north Sudan, but crucially salaries have survived the cut, a report claimed.

The severe austerity measures are effective immediately and follow on from the shutting-in of oil production last month, the BBC reported on Monday.

Although a cut in expenditure is unlikely to be welcomed, the regime of President Salva Kiir Mayardit will have retained a large degree of popular support with the retention of the budget on public sector salaries.

South Sudan is also to put more effort into recouping tax income, something Kiir promised in an address to the National Legislature in late January when announcing the shut-in of production.

“Insomuch as the…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index