JUBA (Reuters) - South Sudan said Sunday it would cut non-salary spending by around 50 percent as part of austerity measures to compensate for the loss of oil revenues in an oil row with Khartoum.
In January, Juba shut down its entire oil production of 350,000 barrels a day after Sudan started seizing southern oil to compensate for what it calls unpaid fees.
South Sudan needs to export its oil through Sudan but both sides have failed to reach an agreement over fees. Oil makes up 98 percent of South Sudan's state income.
South Sudan's finance ministry said in a statement non-salary spending will be cut by an average of 50 percent, adding that transfers to the ten states would be also slightly reduced.
It gave no figures.
(Reporting by Ulf Laessing and Hereward Holland; Editing by David Cowell)Source: http://nz.news.yahoo.com/a/-/world/12953573/s-sudan-cuts-non-salary-spending-by-50-percent/
Newer articles:
- South Sudan: The Devils in Khartoum Vowed to Use Plan B Against Nation, What Does That Mean? - 20/02/2012 09:18
- South Sudan cuts non-salary spending by 50 pct - 20/02/2012 05:20
- S Sudan halves spending on oil shutdown - 19/02/2012 22:49
- South Sudan halves spending after oil shutdown row - 19/02/2012 19:08
- China-Malaysia firm rejects S.Sudan accusations in oil row - 19/02/2012 17:15
Older news items
- VIDEO: Oil 'not vital' for South Sudan - 19/02/2012 13:04
- Sudan: Khartoum, Juba Agree to Demarcate Border to Ease Tension - 18/02/2012 20:11
- Kenya: South Sudan-Kenya Oil Pipeline Boost for Growth, Says Lagu - 18/02/2012 17:57
- South Sudan: UN Supports Projects - 18/02/2012 07:05
- Sudan and South Sudan Fail to End Oil Dispute - 17/02/2012 23:18
Latest news items (all categories):
- South Sudan can leverage China’s AI path to bridge the digital divide - 16/09/2026 16:04
- Credible Elections Are No Longer Possible in South Sudan - What Next? - 16/09/2026 15:59
- South Sudan's president replaces electoral chief three months before scheduled polls - 16/09/2026 15:56
- Turkish Airlines is pulling out of 5 African routes, including South Sudan - 16/09/2026 15:23
- ‘Super El Niño’ deepens hunger crisis in South Sudan – WFP - 16/09/2026 15:19
See also (all categories):
Random articles (all categories):
- South Sudan: Thousands Still Missing - 28/08/2020 06:48
- South Sudan Yet to Realize Much at Stake over Higlig Attack: Nafie - Sudan Vision - 16/04/2012 22:56
- Sudan’s president must resign - 23/01/2019 15:36
- South Sudan president complains of being treated like 'schoolboy' - 18/09/2015 13:43
- South Sudan - Field Coordinator - Bunj - 21/05/2013 06:11
Popular articles:
- Who is the darkest person in the world, according to Guinness World Record? - 25/10/2022 02:34 - Read 149591 times
- School exam results in South Sudan show decline - 01/04/2012 17:58 - Read 28115 times
- Top 10 weakest currency exchange rates in Africa in 2023 - 19/07/2023 00:24 - Read 25198 times
- No oil in troubled waters - 25/03/2014 15:02 - Read 24464 times
- NDSU student from South Sudan receives scholarship - In-Forum - 29/09/2012 01:44 - Read 22415 times
