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South Sudan - Non-Oil Revenue Mobilisation and Accountability in South Sudan Project (NORMA-SS)

Sector: Oil and Gas • Location: South Sudan

Source: African Development Bank (AfDB)

Project

The non-oil revenue mobilization and accountability project in South Sudan was designed because of the need to take immediate steps to reduce dependency on oil, boost non-oil revenues and reduce oil revenues strengthen control of expenditure. Indeed, oil revenues, on which the country's economy depends, collapsed following the price decline since July 2014, resulting in a budget deficit of 30% of

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The project “South Sudan - Non-Oil Revenue Mobilisation and Accountability in South Sudan Project (NORMA-SS)” is an infrastructure initiative in the Oil and Gas sector, located in South Sudan. Taiyo aggregates data on it from African Development Bank (AfDB).

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Description

Description

The non-oil revenue mobilization and accountability project in South Sudan was designed because of the need to take immediate steps to reduce dependency on oil, boost non-oil revenues and reduce oil revenues strengthen control of expenditure. Indeed, oil revenues, on which the country's economy depends, collapsed following the price decline since July 2014, resulting in a budget deficit of 30% of GDP in 2015. In addition, the present is a project institutional support, funded by both grant and loan resources, to complement other donor interventions designed to address capacity needs in two interrelated areas, including capacity building at the country level, non-oil revenues at both the national and state levels, while improving financial control, transparency and accountability. The project cost is estimated at UA 11.833 million and will be financed at UA 10.65 million. It has three mutually reinforcing components: (i) Improved domestic resource mobilization in the non-oil sector; ii) Strengthening financial control, accountability and control mechanisms; and iii) Project management.

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High

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