South Sudan’s finance ministry cancels all unpaid cheques
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August 8, 2016 (JUBA) - South Sudan’s finance minister Stephen Dhieu
Dau has cancelled unpaid cheques owed to businessmen until a new
fiscal budget is passed.
JPEG - 42.7 kb
South Sudan finance minister Stephen Dhieu Dau (Getty)
In an order published on Monday, Dhieu said lack of money prompted the
cancellations.
"The financial year for 2015/2016 is closed," read the order placed in
the local media.
South Sudan new financial year starts on July 1, but the Transitional
Government of National Unity (TGoNU) formed in April has failed to
prepare the country’s new budget.
Civil servants have not been paid for over two months, owing to the
economic crisis in a country, which largely depends on revenues from
oil to fund its annual budget.
The cheques canceled were issued to South Sudanese contractors by
former minister of finance, David Athorbei. Dhieu replaced Athorbei in
a mini-cabinet reshuffle recently.
A new fiscal year, sources within the finance ministry told Sudan
Tribune, would be tabled before the council of ministers and forwarded
to the assembly within this month.
According to local media reports, the move to cancel all the unpaid
cheques was part of efforts by the new finance minister to "combat
rampant corruption and payments made to shell companies that have not
delivered goods or services to the government."
(ST)
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