(Updates with government comment from second paragraph.)
Oct. 17 (Bloomberg) -- South Sudan plans to introduce curbs on spending at government agencies to make the budget more transparent.
The measures include immediate implementation of monthly cash limits for spending agencies, the government said in an e- mailed statement. Further steps effective from next month include controls over payments to vendors and the signing of government contracts.
South Sudan’s president, Salva Kiir, has vowed to fight corruption and increase transparency. The country gained control of about 75 percent of Sudan’s daily oil production when it seceded in July. Kiir has promised to force government officials to publish details of their finances and to regulate land sales.
Kosti Manibe Ngai, the minister of finance and economic planning, told top officials last week that spending must be limited in order to slow inflation, according to the government’s statement.
The United Nations has backed South Sudan’s campaign against corruption and called on the international community to help the new country recover stolen funds from banks throughout the world.
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