{"id":42084,"date":"2023-08-17T10:39:12","date_gmt":"2023-08-17T10:39:12","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/government-allocates-ssp1-billion-for-september-economic-conference"},"modified":"2023-08-17T11:00:23","modified_gmt":"2023-08-17T11:00:23","slug":"government-allocates-ssp1-billion-for-september-economic-conference","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/government-allocates-ssp1-billion-for-september-economic-conference","title":{"rendered":"Government allocates SSP1 billion for September economic conference"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>At least $1 million (around SSP1 billion) has been allocated for South Sudan\u2019s first national economic conference scheduled for next month, said Bak Barnaba, minister of finance and planning.<\/p>\n

The national economic conference is expected to kick off on September 4\u20138, 2023.<\/p>\n

Addressing the press yesterday, Bak said that despite several pledges from the partners, the ministry will pay about 80 percent of the money to ensure the success of the conference.<\/p>\n

\u201cThe budget is around $1 million, and we are financing it with our partners. Our partners have already pledged their part, so the ministry is paying about 80 per cent of this cost, which is less than USD 1 million,\u201d he said.<\/p>\n

\u201cI believe if there is an additional budget within a couple of days because we are still spending, it may require us to give you the total budget by the end of the conference itself,\u201d Bak added.<\/p>\n

The minister said they want to inform all the economic sectors, stakeholders, and development partners about the current status of the public financial management reforms, and the achievements made.<\/p>\n

However, he said their first target is to address the economic crisis facing the country.<\/p>\n

\u201cThe aim of the conference is to allow the economic sectors and the stakeholders to present their views on the main concerns and challenges of the economic situation in South Sudan and their proposals with regard to the transformational agenda of the economy,\u201d Bak stated.<\/p>\n

According to him, the priority is to manage the current midterm economic challenges the ministry is trying to address.<\/p>\n

He said the government has identified policy areas that would move South Sudan out of oil revenue dependency.<\/p>\n

Bak lamented that the country has heavily relied on oil to finance its expenditures, adding \u201cwe want to diversify, and this is a policy of the government.\u201d<\/p>\n

\u201cThe government is looking forward to identifying appropriate physical and monetary policies for the nation to achieve macroeconomic stability. \u201cWe have to work with our partners and all our stakeholders to achieve this noble goal.\u201d<\/p>\n

The minister promised to use the outcomes of the upcoming national economic conference to promote policy dialogue aimed at achieving macroeconomic stability and sustainable resource mobilization.<\/p>\n

Last month, the Ministry of Finance and Planning began planning for the conference after it was ordered by President Salva Kiir to provide a platform for discussing the country\u2019s economic woes.<\/p>\n

For More News And Analysis About South-Sudan<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Sudan. At least $1 million (around SSP1 billion) has been allocated for South Sudan\u2019s first national economic conference scheduled for next month, said Bak Barnaba, minister of finance and planning. The national economic conference is expected to kick off on September 4\u20138, 2023. Addressing the press yesterday, Bak said that despite several pledges […]<\/p>\n","protected":false},"author":84,"featured_media":42082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[234,265,4288,233],"class_list":["post-42084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-south-sudan","tag-economic-conference","tag-south-sudan"],"yoast_head":"\nGovernment allocates SSP1 billion for September economic conference - South Sudan<\/title>\n<meta name=\"description\" content=\"At least $1 million (around SSP1 billion) has been allocated for South Sudan\u2019s first national economic conference schedu ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/government-allocates-ssp1-billion-for-september-economic-conference\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government allocates SSP1 billion for September economic conference\" \/>\n<meta property=\"og:description\" content=\"At least $1 million (around SSP1 billion) has been allocated for South Sudan\u2019s first national economic conference schedu ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/government-allocates-ssp1-billion-for-september-economic-conference\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-17T10:39:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-17T11:00:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/08\/sm_1692257334.511061.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1151\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/government-allocates-ssp1-billion-for-september-economic-conference#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/government-allocates-ssp1-billion-for-september-economic-conference\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Government allocates SSP1 billion for September economic conference\",\"datePublished\":\"2023-08-17T10:39:12+00:00\",\"dateModified\":\"2023-08-17T11:00:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/government-allocates-ssp1-billion-for-september-economic-conference\"},\"wordCount\":411,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/government-allocates-ssp1-billion-for-september-economic-conference#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/08\/sm_1692257334.511061.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"economic conference\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/government-allocates-ssp1-billion-for-september-economic-conference#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/government-allocates-ssp1-billion-for-september-economic-conference\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/government-allocates-ssp1-billion-for-september-economic-conference\",\"name\":\"Government allocates SSP1 billion for September economic conference - 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