South Sudan announced dramatic increase in non-oil revenue, to generate SSP 74 billion this year
The government anticipates collecting an amazing 74 billion South Sudanese Pounds (SSP) in non-oil income by the conclusion of fiscal year 2021/2022, after exceeding the original goal of 58 billion within the last eight months.
Marial Dongrin Ater, Deputy Commissioner for Research and Planning at the National Revenue Authority (NRA), announced the dramatic increase in non-oil revenue collection yesterday at the start of a two-day workshop on the operationalization of a one-stop-shop for administering shared revenue sources and mechanisms between the NRA and state revenue authorities at the Palm Africa hotel.
“Beginning in 2019/2020, the NRA collected 28 billion in a 12-month period, and in 2020/2021, the revenue target for that fiscal year was 44 billion, but what was actually collected at the end of the period was 47 billion,” the official said as he summarized the NRA’s performance over the last three years.
Already, when it comes to the current fiscal year, the NRA set a collection goal of 58 billion, but as I previously said, we are now eight months into the fiscal year, and at the current growth pace, we are expected to conclude at SSP 74 billion. We will have surpassed our aim by 11 billion dollars, which is an excellent result, “Mr. Ater said.
He said that revenue collection has climbed by 146 percent over the last three years as the national tax agency, the National Revenue Agency, works to simplify tax collection.
“So, if you compare projected and actual collections over the last three years, you will see that our aim as national revenue authority was meant to be 102 billion South Sudanese Pounds, but we have collected SSP 149 billion, which is around 146 percent of our target,” he stated.