| Summary: | South Sudan has suffered multiple shocks in 2020, potentially derailing an economic recovery and peace building process. The FY21 budget seeks to stabilize the economy, provide basic services, consolidate peace, and address Coronavirus (COVID-19) effects. While South Sudan is currently faced with an economic crisis, this crisis has also provided an opportunity to reflect on how the country can bounce back better, building on key milestones already achieved as part of the peace process. The authorities have accelerated dialogue on key reforms intended to cushion the economy amidst a double health and economic crisis. The current reform dialogue has centered on public financial management reforms. These include the formation of an oversight committee for Public Financial Management Reform Strategy (PFMRS) and its governance structures, as well as a technical committee on the economy whose role is to advise on ways to diversify both sources of growth and revenue. Given the necessity of these reforms, it is critical that they are supported to succeed and may have to be accompanied by wider economic management reforms in the medium term
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