Libya’s Financial Black Hole
MEES, 17 August 2018 Libya near-balanced its budget in 1H 2018. But this was ‘thanks’ to chronic state weakness that left spending 21% under budget. Revenues were up with higher oil prices, but non-oil revenue remains abysmal. The UN plans an audit of Libya’s finances in a bid to help tackle corruption. But, if the [...]
South Sudan budget sets unrealistic expectations
CNBC – 25 July 2014 This is an interview I did on South Sudan’s unfathomable war budget for CNBC’s Closing Bell Africa programme.
South Sudan draws up ‘War Budget’, but oil production targets unlikely to be reached
African Arguments – 18 July 2014 By the evidence of South Sudan’s budget, presented to parliament in late June, the country’s finance ministry has lost its mind. This time last year, the Government of South Sudan put forward what it described as a “two-step budget” that would boost social services and economic growth “in a [...]