Finance Minister Deng Athorbei Needs Dr. Lual Acuek as Central Bank Governor
Hon minister for finance, David Deng Athorbei needs Dr. Lual Acuek as Central bank Governor to help grow our economy.
By Gabriel Gai Deng Biar, Nairobi, Kenya.
February 3, 2015 (SSB) — The world economic crisis, for example the Greece crippling economy should be the best teacher South Sudan’s government should listen to in order to bail itself out of the current depreciating South Sudanese pounds’ price against dollar.
The two institutions, ministry of finance and economic planning and the Central bank are the backbone of our economy, therefore Dr. Lual Acuek is the only savior who should assist David Deng Athorbei in his labors to stabilize our currency. Most of us who are enemies of development will develop rubbing irritation toward an economist Dr Acuek prior to these opinions but be inform that we need to prioritize our country economy instead of our own interests. The recent appointment of David Deng to our treasury docket is a turning point toward our economy although he needs able economist who can rally his/her knowledge in economy to the growing economy.
If Dr. Acuek is trust with our currency custodian, he will apply his knowledge in economy and formulation of public policies to formulate the following policies;
- Fiscal policy. The use of government revenues collection or taxes and expenditures to influence our economy. Dr Acuek might change or adjust the level and composition of both government collections or spending. Our collection of taxes have never been to the international standards due to weak tax systems back by self interests, he would also reduce government spending on international travels by government officials, the general public in recent days doubted traveling abroad as it had been done since 2005 and nothing improve economy and livelihoods of citizens.
- Monetary policy. Dr Acuek who would be a head of monetary authority would controls the supply of dollar business in the black market. This policy would helps in stabilizing and growing economy, the man would use his knowledge to stabilize exchange rate to avoid further depreciation of country’s currency. I have trust in Dr. Acuek and he would introduce the government bonds and treasury bill.
The position of central bank governor is too small for the former minister of finance and petroleum at the GONU and Brutton Institutions staff , however, South Sudan needs scarify .
Author is an incoming financial analyst and can be reached at gabrielbiar39@gmail.com and facebook on Gai Deng
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