Economic Development, Oil Shutdown and Deficit Financing in Southern Sudan

13 Pages Posted: 13 Aug 2012 Last revised: 26 Jun 2016

See all articles by Addis Akongdit

Addis Akongdit

Al-Neelain University

Issam A.W. Mohamed

Al-Neelain University - Department of Economics

Date Written: August 12, 2012

Abstract

This paper is a part of my PhD research under title “Political Stability and Economic Development; Case of South Sudan” and it tries to focus on the impact of oil shutdown on South Sudan financial Budget and possibility of deficit financing. Due to the government’s shutdown of oil production, the South Sudan Council of Ministers approved austerity measures to eliminate its impact on Economic Development. This paper tries to focus on the impact of oil shutdown on South Sudan financial budget and possibility of deficit financing. It will focus on the austerity measures taken by the RSS government to align its expenditures with revenues and find a way of raising financial resources and how to secure necessary sources that can be used to finance economic development.

Keywords: oil shutdown, deficit financing, money issuing, debt financing, inflation

JEL Classification: A00, A10, A11, N5, N17, N27, N37, N50, N57, P2, P20, P24

Suggested Citation

Akongdit, Addis and Mohamed, Issam A.W., Economic Development, Oil Shutdown and Deficit Financing in Southern Sudan (August 12, 2012). Available at SSRN: https://ssrn.com/abstract=2128278 or http://dx.doi.org/10.2139/ssrn.2128278

Addis Akongdit

Al-Neelain University

52nd St
Khartoum
Sudan

Issam A.W. Mohamed (Contact Author)

Al-Neelain University - Department of Economics ( email )

P.O. Box 12910-11111
Khartoum, Khartoum 11111
Sudan
249122548254 (Phone)

HOME PAGE: http://works.bepress.com/issamawmohamed/

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