{"id":4287,"date":"2022-03-21T19:30:06","date_gmt":"2022-03-21T19:30:06","guid":{"rendered":"https:\/\/onecitizendaily.com\/?p=4287"},"modified":"2022-03-21T19:31:04","modified_gmt":"2022-03-21T19:31:04","slug":"we-have-gloomy-miserable-economy-dr-igga","status":"publish","type":"post","link":"https:\/\/www.onecitizendaily.com\/index.php\/2022\/03\/21\/we-have-gloomy-miserable-economy-dr-igga\/","title":{"rendered":"We have gloomy, miserable economy – Dr. Igga"},"content":{"rendered":"\n
\"\"
Vice President Dr. James Wani Igga \/Courtesy photo<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n

By Philip Buda Ladu<\/strong><\/p>\n\n\n\n

The Vice President for Economic Cluster Dr. James Wani Igga said the country has a gloomy and miserable economy mostly caused by the five years\u2019 conflicts that ruined the country, floods affecting oil production and the Covid-19 constraints.<\/p>\n\n\n\n

The Chair of Economic Cluster acknowledged the poor status of the country\u2019s economy. He was speaking last Saturday at a thanks giving prayer for the recently appointed South Sudan Ambassador to the People\u2019s Republic of China, Ambassador Monday Semaya Kumba.<\/p>\n\n\n\n

\u201cSometimes ago and a lot of decrees up to now we have a gloomy and miserable economy. Mostly caused by three things; the conflict\u2013the five years\u2019 conflict destroyed our social fabrics of the economy, you have also the problems of the floods and this affected even our oil production. Many wells were submerged to the extent that they cannot produce even up to now,\u201d Dr. Igga said.<\/p>\n\n\n\n

\u201cSo when I talk of our recovery, there are also factors drawing us back like the floods which have spoiled many oil fields, and then you talk of Covid-19, this also has affected our economy,\u201d he added.<\/p>\n\n\n\n

However, Dr. Igga is optimistic that despite the fact that all of those elements are crippling the economy, the future of South Sudan is not gloomy, \u201cI can see there are changes in the future of South Sudan,\u201d the Vice President for Economic Cluster hinted.<\/p>\n\n\n\n

Dr. Igga noted that the National Parliament in their deliberation on the fiscal budget a week ago on the 14th<\/sup> of March, talked of the country\u2019s inflation rate which they are crying of, and agreed to the fact there is inflation, but said it has dropped although it may not be felt.<\/p>\n\n\n\n

\u201cIt has dropped a little bit from 22.8 percent to 16.3 percent and it will continue to fall, why because we also in the government and particularly, we in the economic cluster are leaving no stone unturned in an effort to improve our economy,\u201d Dr. Igga reiterated.<\/p>\n\n\n\n

He said they have embarked on efforts and measures to hold corrupt officials accountable.<\/p>\n\n\n\n

\u201cOne of the things that we are adopting is a standard fiscal discipline, where we are going to fight and we are already fighting corruptions. \u2018Punishing certain individuals, subjecting them to investigations and so forth, these are the things we are doing now,\u201d Dr. Igga stressed.<\/p>\n\n\n\n

The Vice President underscored that the exchange rate reform initiated by the government is taking shape, \u201cI am sure you have seen some stability \u2013it\u2019s not going up too much it\u2019s not going down too much compared to before, so we have got the formula the \u201cLowest Common Multiple\u201d (LCM), and we will continue to improve that,\u201d he emphasized.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Philip Buda Ladu The Vice President for Economic Cluster Dr. James Wani Igga said the country has a gloomy and miserable economy mostly caused by the five years\u2019 conflicts that ruined the country, floods affecting oil production and the Covid-19 constraints. The Chair of Economic Cluster acknowledged the poor[Read More…]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,79,4],"tags":[],"class_list":["post-4287","post","type-post","status-publish","format-standard","hentry","category-national","category-news","category-politics"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/4287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/comments?post=4287"}],"version-history":[{"count":1,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/4287\/revisions"}],"predecessor-version":[{"id":4289,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/4287\/revisions\/4289"}],"wp:attachment":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/media?parent=4287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/categories?post=4287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/tags?post=4287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}