Why finance minister canceled 12-billion-pound checks Koang Pal | March 23, 2017 | 4:16 pm
Finance Minister Stephen Dhieu addresses reporters on Wed, March 22, 2017 |Credit |Koang Pal |Eye Radio The Minister of Finance says it has canceled unpaid checks worth 12 billion Pounds, which some companies and individuals wanted from the public treasury. Stephen Dhieu Dau said the unpaid checks were canceled because they were “more than the budget”.“We’ve taken actions to cancel the unpaid checks which were not covered worth 12 billion pounds – more than the budget itself,” he told the media Wednesday. He described the cancellation as an achievement his ministry has made since he took office last year.Mr. Dhieu said the government’s priority is to implement financial reforms so that the economy will stabilize by next year.He said this is one of the reforms to control unnecessary spending.“We’ve also taken some major steps…address the economic crisis; we stopped the deficit financing from the Bank of South Sudan; we have issued orders restricting the medical referrals abroad for public servants and government officials,” he continued. The government officials, the treasury spent 9 percent of 2015/2016 budget on the medical referrals abroad. This, he said, amounted to about 300 million Pounds.The minister revealed that some donors he didn’t name have promised to cover the deficit of 2016/2017 budget.The budget deficit this financial year is 40 percent, about $225 million. -- To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] Visit this group at https://groups.google.com/d/forum/southsudankob View this message at https://groups.google.com/d/msg/southsudankob/topic-id/message-id For more options, visit https://groups.google.com/d/optout --- You received this message because you are subscribed to the Google Groups "South Sudan Info - The Kob" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at https://groups.google.com/group/SouthSudanKob. To view this discussion on the web visit https://groups.google.com/d/msgid/SouthSudanKob/CAJb14ortyN25V9%3DaeWg_Fnnz%2Bjt0cOpO6oZV4B0dhacABk8Qyg%40mail.gmail.com. For more options, visit https://groups.google.com/d/optout.
