The Sovereignty Council and the Council of Ministers in Sudan approved an amended budget for the current year 2020. The budget amendment came after Sudan lost 40 percent of its revenues following the outbreak of the Corona pandemic last March.
The Sudanese Minister of Information, Faisal Muhammad Salih, after the joint meeting between the two councils, pointed out that "the reason behind the amendment of the budget is the need to adopt policies to mitigate the negative impact of the Corona pandemic on the general economic situation," noting that public revenues decreased by 40 percent, and the increase in the volume of public spending to cope with the pandemic conditions and the repercussions it created."
He added that "with the increase in the volume of expenditures and the decrease in revenues, the general deficit in the budget increased, so it was necessary to review the budget and take emergency measures, including rationalization and fuel subsidies, and the gradual adjustment of the exchange rates of the dollar and the customs dollar over a period of two years until the real price is reached."
Faisal Muhammad Salih considered that "these economic reforms will achieve an improvement in economic growth, and it is expected that the economy will achieve gradual growth by the end of the program in 2021 by eight points, so that it will emerge from the negative growth index to a medium and long term, which will contribute to controlling inflation, which has reached high levels."
Source (The New Arab Newspaper, Edited)
