South Sudan introduced, on Wednesday, a new fiscal framework aimed at ending economic instability and repositioning the country for sustainable and inclusive growth. Speaking in Juba, Finance and Planning Minister Bak Barnaba Chol said the policy prioritises economic stabilization, fiscal discipline and essential public spending.
The framework, developed through collective Cabinet deliberations with inputs from key institutions including the Bank of South Sudan and the South Sudan Revenue Authority, responds to rising fiscal pressures, high inflation, currency volatility and structural weaknesses linked to heavy reliance on oil revenues.
Under the new approach, government spending will be rationalized, with priority given to salaries and critical operations such as security, peace implementation and elections, while non-essential claims and contracts are curtailed. A temporary freeze on public sector recruitment has also been announced, except for clearly justified critical needs.
The reforms further encompass institutional and diplomatic rationalization, alongside measures to strengthen productive sectors through public-private partnerships, support for small and medium-sized enterprises, and economic diversification.
Minister Chol underscored the government’s commitment to disciplined implementation, transparency and accountability, describing the framework as a Cabinet-owned roadmap intended to anchor South Sudan’s journey towards economic resilience and long-term stability.
