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S.Sudan wants big budget despite economy in ruins

On the street, the South Sudanese pound's value has plummeted dramatically, with the exchange rate at 70 pounds to the US dollar, nearly two and a half times the official rateThe government of South Sudan, whose economy has been ravaged by years of war, has adopted an ambitious budget for 2016-2017 of around one billion dollars, three times as big as the previous year’s. “The purpose of this budget is to implement the peace agreement,” Information Minister Michael Makuei told AFP on Friday, referring to a deal signed in August 2015. The budget proposal has yet to be approved by parliament, but it will likely be accepted as most of the world’s newest nation’s lawmakers are loyal to President Salva Kiir’s government.

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Donald #trump2016 is the first Northern Republican to sweep the South https://t.co/GrbSpWphqd… https://t.co/Nl337NeQgc - 5 days ago
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