Sudan’s Prime Minister, Moataz Moussa, announced a 15-month emergency economic-reform plan requiring “further strict austerity measures” to begin this month. “After that, a long-term economic reform program will begin," he said.
The program focuses on achieving economic stability by restoring 2018’s implementation plan so to be reflected in 2019’s performance. The plan aims “to reduce the average inflation, stabilize the exchange rate of the pound, and achieve a GDP growth of 4 percent,” Moussa said.
He also suggested reducing government spending in general, and continuing the restructuration of state agencies by December 31 for all government bodies at all levels. In parallel, we should continue working on the preparation and implementation of the austerity program and the freezing of management budgets at the level of actual disbursement for the current year, except for the items of wages and salaries and benefits for state employees.
According to the Central Statistical Organization of Sudan (Hukoomi), Sudan is witnessing an all-high inflation rate, which rose from 63.94% in July to 66.88% in August, and which is mainly attributed to the rise in prices of the food and beverages category.
Source: Al-Arabi Al-Jadeed newspaper
