Sudan’s 2021 Budget Sees Increase in Revenues, Decline in Deficit

Sudan’s 2021 Budget Sees Increase in Revenues, Decline in Deficit

The Sudanese government approved the budget of 2021 that eyes an increase in revenues and a decline in deficit compared to the budget of the previous year.

This will be Sudan's first budget after its removal from the US' List of States Sponsors of Terrorism.

Experts predict the Sudanese economy to grow during the current year, putting an end to the financial crises that citizens faced for years.

The budget aims to achieve a positive growth rate of the gross domestic product (GDP), and reduce the total deficit within safe limits.

It also increases the Finance Ministry's control over public funds, including companies owned by the army and security agencies, in addition to the central bank's control of the foreign exchange.

The 2021 budget comes in light of the continuous devaluation of the Sudanese pound against foreign currencies, which led to a significant rise in inflation rates and a subsequent increase in the prices of basic commodities.

The Finance Minister, Heba Mohammed Ali, expects the 2021 budget to achieve better growth rates of total output, sufficient to reduce unemployment rates and income inequality.

Member of the Supreme Budget Committee Adel Khalfallah told Asharq