By Correspondent
During ordinary meetings of the Economic Cluster of the Central Equatoria State on Wednesday, the state passed two major financial bills aimed at strengthening regulatory frameworks for the State revenue-generating institutions. The bills will also enhance operational efficiency in the financial sector.
Chaired by Hon. Salah Rajab Bunduki, the State Minister of Finance, Planning, and Investment, the Economic Cluster discussed the State Insurance Regulatory Amended Bill (2025) and the State Revenue Authority Amended Bill (2025). Members would later unanimously pass both bills with amendmends, recognizing their crucial role in fostering transparency and accountability in financial governance, a statement from the State’s press team said.
Addressing the media, Hon. Alex Latiyu Elia, the State Minister of Animal Resources, Fisheries, and Tourism stated that after their passage, the bills now await presentation at the State Council of Ministers’ meeting for further approval.
Hon. Latiyu said that after the passing of the bills, the cluster has “directed the Minister of Finance, together with the Commissioner General for the Insurance Regulatory Authority, to expedite the tabling of the memo to the State Council of Ministers.”
Once enacted, the two bills will strengthen revenue collection mechanisms, ensure compliance with financial regulations, and create a more robust oversight system for the State institutions. Additionally, they will enhance the efficiency of resource management, reducing financial leakages and promoting sustainable economic growth across the State.
