Sudanese authorities have raised customs duties on 130 commodities, including gasoline, gasoline, and wheat, to cover the expected deficit in this year's budget, which depends mainly on the country's own resources and is devoid of any foreign support and grants.
These increases, which have come into effect immediately, are expected to lead to a rise in the prices of many imported and domestically produced goods, in light of the country's stagflation. In a circular covering all goods, the Customs Authority stated that the amendment of customs categories came in accordance with a decision issued by the Council of Ministers in charge.
In early February, the Sovereign Council and the Council of Ministers approved the 2023 budget, after a delay of more than a month, due to the lack of a complete government in the country due to the political situation left by the army's measures, on October 25, 2021.
Budget revenues amounted to 7 trillion and 363 billion Sudanese pounds, and public spending 8 trillion and 196 billion pounds, with a deficit of 1.4 percent of GDP.
The state seeks to increase revenues and bridge the budget deficit by expanding the tax umbrella instead of increasing the tax, and controlling and rationalizing government spending.
Sudan's inflation rate for January fell to 83 percent, compared to December last year, which recorded 87.32 percent.
Source (Al Sharq Al Awsat, Edited)
