Home | News    Thursday 14 June 2012

Minister admits "bankruptcy" of Sudan’s government

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June 14, 2012 (KHARTOUM) – The Sudanese Minister of Finance Ali Mahmoud told parliamentarians on Wednesday that the austerity measures the government is currently applying are a reflection of the level of “bankruptcy” in state coffers.

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FILE - Sudanese Finance Minister Ali Mahmud al-Rasul (GETTY)

Sudan’s economy has been struggling with soaring inflation and a depreciating currency since the country lost three quarters of its oil revenues with South Sudan’s secession in July last year.

Inflation rose to 30 percent this month on food prices as the Sudanese pound reached new lows against the dollar in the black market.

In response, the government announced plans to lift fuel subsidies, saying it will save 2 billion USD annually to cover the budget deficit which, according to a government official quoted by Reuters, stands at 2.4 billion USD.

Many even within President Al-Bashir’s ruling National Congress Party (NCP) say they expect the ending of fuel subsidies to spark protests in light of the growing public discontent with worsening economic conditions.

Addressing an emergency parliament session devoted to discuss the economic situation, the finance minister said that the austerity measures taken to defuse the economic crisis are essentially a reflection of the “bankruptcy” plaguing government coffers.

“Lifting fuel subsidies and increases in commodity prices, these are dealings of a bankrupt state” he said.

The minister attributed failure to develop traditional sectors of production like agriculture to the high taxes which he said exceeded 30 percent. He also acknowledged that the level of poverty increased but he said that the government has plans to reduce it. “We cannot eradicate poverty but we can reduce it”

Ali Mahmoud revealed that increases in consumption had led the country to import greater amounts of certain commodities, saying that the country used to import 300,000 tons of wheat and now it imports 2 million.

Reacting to the minister’s statements, some parliamentarians criticized state policies and described them as corrupt.

“Whatever our institutions do, poverty will remain due to corruption” one parliamentarian named Hamdan Tirab said.

Tirab accused four government institutions he did not name of corruption. He further warned that the austerity measures would only breed more poverty.

Sudanese government officials tend to minimize the scale of corruption despite public perception to the contrary.

In a related context, a Sudanese political analyst has predicted that the ending of fuel subsidies will almost certainly lead to a popular uprising.

According to Omer Abdel Aziz, a professor of political sciences, there is a likelihood of 95 percent that the decision will spark a popular uprising when it comes into effect.

“The economic pressure has reached a degree that no citizen with dignity will accept” he said while addressing a symposium in the capital Khartoum on Wednesday.

He pointed out that the government preceded the lifting of fuel subsidies by devaluing the pound which already increased prices by 30 percent.

Abdel Aziz urged the government to re-think its decision. He further warned that in the event of street protests, the government must recognize them as protests against the economic situation and refrain from its typical allegations of collaborations and treason.

Sudanese opposition parties have already vowed to protest against the ending of fuel subsidies.

(ST)

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  • 14 June 2012 10:14, by Southforlife

    yea, i am afraid this situation will continue for the next 3 years. It is true that these are acts of a bankrupted state however, we need to deal with it for the next 3 years. At least we have many resources which could fix this error in the coming years. however, fixing these errors mean the country needs to be internally at peace which means ending fighting with SRF in S kordofan for agriculture

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    • 14 June 2012 10:20, by Southforlife

      As we now all see, Both our countries are now suffering. My south and their North. we need to end conflict in all places around the country (north and south sudan) Our country is still alive (north and south sudan) we still hold the name sudan.

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      • 14 June 2012 10:26, by Southforlife

        We need to cooperate with North and North needs to cooperate with us. we have 4.7 milion facing hunger, they have a bomb counting down.

        We must not blame ourselves, we must blame our leaders NCP and SPLA. whats the difference between them? they are both corrupted, both dumb , both criminals whats the difference? yet they both send innocent lives to the frontlines.

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        • 14 June 2012 10:47, by Bentiu CAPTAIN

          @SOUTHFORLIFE,

          DO NOT SPEAK LIKE THAT ,JUST GO TO OMER BASHIR IN KHARTOUM AND WASH HIS UNDERWEAR IF YOU DO NOT KNOW A COWBOY WAY OF LIVING IN SOUTH SUDAN!!! REAL SOUTH SUDANESE DO CRY LIKE YOU! SHUT UP!!!

          GOD BLESS SOUTH SUDAN

          SPLA OYEEE!!!!
          NO SURRENDER,DEATH

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          • 14 June 2012 19:28, by Issawi

            Your reply is non sense , only full of hostility. this man is writing good and friendly comment. avoid this savage reply.

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        • 14 June 2012 10:49, by Bentiu CAPTAIN

          @SOUTHFORLIFE,

          DO NOT SPEAK LIKE THAT ,JUST GO TO OMER BASHIR IN KHARTOUM AND WASH HIS UNDERWEAR IF YOU DO NOT KNOW A COWBOY WAY OF LIVING IN SOUTH SUDAN!!! REAL SOUTH SUDANESE DO NOT CRY LIKE YOU! SHUT UP!!!

          GOD BLESS SOUTH SUDAN

          SPLA OYEEE!!!!
          NO SURRENDER,DEATH

          repondre message

        • 14 June 2012 10:55, by zulu

          Southfordeath,

          If we have half of our population hungry, atleast they are proud to die defending their nation. but you, scared of the stupid NCP? Give me a break
          SPLA Oye
          without SPLA,no South Sudanese would be talking. they’d all be slaving like you with the but stamp with NCP seal

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        • 14 June 2012 17:49, by katnyokarieu

          southfor what cooperation arabs are finished already,Gallant SPLA/SPLM have tought them a lession both politically and in frontline,we re building our pipeline soon to lamu,we don,t want them,unless u re from Abyei were people re die hearted after arabs,which u re missing thier dick,then somilia re there in juba go and suck their dick. Pls stop preaching cooperation with fomar masters arabs.

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          • 14 June 2012 17:52, by katnyokarieu

            i mean ur former masters arabs.

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    • 14 June 2012 11:28, by talentboy2

      Southforlife,
      See this so called Southforlife is a pretender, he just another terrorist of north and claimed to south Sudanese.

      repondre message

      • 14 June 2012 12:56, by mohammed ali

        Bentue, Zulu, !!!"talentboy" !!! The difference between you and Sudan rifle is that you are simply ignorant brainwashed hate-mongers who are happy with asylum status not cairing about their own pple while he is a respectful well informed educated man who cares about human life particularly in SS! Sudan is suffering immensly and in a very difficult economic situation, no doubt about that....con

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        • 14 June 2012 13:15, by mohammed ali

          con:but not bankrupt. This word was inserted by Sudan Tribune as part of anti Sudan cheap propoganda.They are paid to do so!They did not show as any quotation from the minister of finance to that end.I am here in Khartoum and know what is happening and hear what is said. No minister of finance will say such a thing.

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          • 14 June 2012 15:06, by Northern Sudan

            Mohamed Ali,
            you came from Ethiopia to apply your ugly corruption in our country, I warn you even to write on behave of sudanese people because if we got your gay root, we will make sure you will be imprison in northern deserst where Your fucking Ncp president will never get your root, go to HELL son of DEVIL, We are holy people , we r against any memeber of NCP, SOON FALL OF DEVILS, PEACE IN SUDA

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            • 14 June 2012 15:59, by sudani ana

              Northern Sudan
              You are so stupid and you don’t even know it!! very sad! Everybody knows you and Aaban are South Sudanese pretending to be from Sudan. You can’t even do this right, hopeless case.

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        • 14 June 2012 15:38, by P.K.M

          Ali, do you really believe the so called Southforlife is a South Sudanese? He still believes Sudan is one country. Talentboy2 knows exactly who he is; the guy is a Sudanese impersonator and he thinks South Sudanese are idiots as he is to believe he is a South Sudanese!

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          • 14 June 2012 23:38, by mohammed ali

            PKM, doesn’t matter . I amm commenting on the substance. which is right, civil and peacful. You mean you like hateful and filty language? Does that make you patriotic S.Sudanes?

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    • 14 June 2012 11:48, by Johndumo14

      Why now the Minister admits “bankruptcy” of Sudan’s government.But last month omar said sudan received a large amount of foreign dollars?? where is that money?
      You guys telling lies all the time ,which statements will people believe ??

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    • 14 June 2012 18:43, by Panthouandbeyond

      If Sudan file a bankrucpcy, I would reject its application untill their current oppressive regim changed. They used all their money in the military puposses to kill people of south Sudan, Nuba mountains, Blue Nile, Darfurians and anyone who dones not follow their useless government.

      Panthou

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  • 14 June 2012 10:14, by Northern Sudan

    Nothing will solve this problem unless NCP has to come down from system, count down is on the way of NCP, all the solution will never take effect on sudanese issues, we soon WILL hand any NCP SEEKERS to HELL, you destroy our ancestors Land we will never forgive u gays, we are optimistic in rebulding our pure sudanese, without any foreigners, may be next month u will witness FALL OF NCP

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    • 14 June 2012 10:22, by Northern Sudanese

      Northern Sudan

      Your situation is far more worse than ours, we are just struggling which is known around the world however, you are dying! you wanna see the list? lol

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      • 14 June 2012 10:47, by zulu

        Northern,
        You have to come to grasp with reality. Your situation is much better now than later.

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        • 14 June 2012 10:59, by Northern Sudanese

          ZULU ,why are you commenting on sudans economic situation?

          80% inflation
          83% poverty
          4.7 milion starving people
          $4 bilion stolen dollars
          98% of gdp cut
          unable to afford food prices
          killing each other for no good reason
          citizens leaving border states
          no food, medicine, education roads ect.
          tribal conflict
          upcoming war
          no development
          dying nation

          and you speak about sudan???

          repondre message

      • 14 June 2012 10:51, by Northern Sudan

        Fact Northern sudanese,
        we are ready to for anything, NCP will never play people of northern part taht is why they are using foreigners in the name of northern part of sudan, and most of the people they are using are the those in the western part of sudan, because they are cheap and hungry, we in northern part not hungry like them, we are not coward like them, we decided to END NCP game.

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    • 14 June 2012 12:19, by Lango2010

      ELLIMINATE NCP PERHAP SOUTH SUDAN WILL COOPERATE WITH COMING REGIME AND OPEN THE PIPELINE,I HOPE THAT WILL CLOSE THE GAPE OF YOUR BUDGET. BECAUSE THE PRESENT OF NCP WILL SURELY GIVE YOU MORE HARD TIME THEN YOU HAVE WITNESS NOW.

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  • 14 June 2012 10:24, by hellonearth

    “Lifting fuel subsidies and increases in commodity prices, these are dealings of a bankrupt state” he said.
    SAY WHAT@ jalaby,northernsudan,kuryel,oshay and likes

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    • 14 June 2012 10:30, by Northern Sudanese

      HELLONEARTH

      we are struggling, but we expected this since a long time ago. we know its gonna continue this way for the next 1/2 decade but at least we aren’t like your poor nation. Our situation is paradise compared to your situation. we face 30% inflation while you face 80% inflation.

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    • 14 June 2012 10:32, by Northern Sudanese

      hellonearth

      when we have 30% inflation we call that a ’’DISASTER’’.
      when you have 80% inflation, you call it ’’small problem’’ loooooool

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      • 14 June 2012 10:41, by SEE ME

        Northern Sudanese

        This is very normal but we need detailed investigations about all expenses that are not of BASIC HUMAN NEEDS.

        North Sudanese are well known with main food of GURASA
        Western Sudanese are after ASEEDA.

        GOS must set plans to secure these basic needs and stop improting other items that are not part of all citizens’ daily life.

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  • 14 June 2012 10:33, by SEE ME

    Iam not and will not support the plans to lift fuel subsidies.

    I want GOS and NCP to face the peoples of SUDAN with the detailed facts.

    Then let’s reduce all salaries starting with higher ranks.
    Let’s go for Agriculture as MAO of CHINA did.
    Let’s reduce all expenses.
    Let’s divorce soft drinks

    It is matter of some time till our oil in north will fill the gap very soon.

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    • 14 June 2012 10:47, by SEE ME

      Yes many members of my family are outside SUDAN .

      BUT I will stay in SUDAN and give free consultancy to my peoples; moreover Iam ready to supply SUDAN with all needed USA equipment under EMBAGO to SUDAN.

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  • 14 June 2012 10:33, by morogot batal

    where were you when NCP were planing to separate the country?itis now too late for every thing.the only condition is to drop down the viruse so call NCP then may be things can be beter.they are dreaming of war but they don’t know the impact.itis now only one year.how if it insist to five years.another suicide from NCP is stoping business with south.it was we that where buying 1to2 kilos of meat.

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    • 14 June 2012 10:57, by SEE ME

      Sudanese Finance Minister Ali Mahmud al-Rasul is from DARFUR from REHAID ELBURDI.

      He is grown eating ASSEDA and he is eating ASEEDA

      Sudan just needs little CHANGE to stop some UNnecessary items not to enter SUDAN.

      Let’s go back for only 6 states in SUDAN as before 1989.
      e.g. DARFUR region to be one state in place 5.

      Then SUDAN ECONOMY will be OK

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      • 14 June 2012 19:43, by Panthouandbeyond

        Hi Mr. "Ghost" (SEE MEE)

        DO not use your offensive words about Darfurians if you think that your root is from Darfur. I know what you will say but don’t tell me because I will not accept it. Thanks

        Panthou

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  • 14 June 2012 10:35, by Bentiu CAPTAIN

    YAAAW!!! THESE STUPID ARABS OF SUDAN ARE GOING TO SUFFER!! THIS SHORT SIGHTED HUMANS WILL REMAIN IN THIS HOLE FOR VERY LONG TIMES.IT IS FROM THEIR OWN DEED!!,THEIR LIFE ON STEALING OTHER ’S BELONGINGS!!!!!GOOD FOR THEM!!!
    THEY HAVE TO REGRET STEALING SOUTH SUDAN OIL!

    GOD BLESS SOUTH SUDAN

    SPLA OYEE!
    NO SURRENDER,DEATH

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  • 14 June 2012 10:45, by zulu

    In my otuho language,we say,"oye otorogong ka ariri" Meaning,armegalone dies with shame. The pride of the NCP has become their achile’s hill.
    SS offered them 4bl, which they refused and decided to steal the oil.
    where is the gold money they produced last month?

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  • 14 June 2012 10:51, by Akol Liai Mager

    Facts: August 2012 NIF will exit power. 2 Al-Bashir is currently leading a secret move to hand power to Sadiq’s son Abderaham. 3 Bakry Hassan Saleh is also leading another move to tople Al-Bashir within NIF circle. 4 The race for Sudan presidency after Al-Bashir will end with Malik Agar President for transitional period, Abdulwaihd Nur Prime Minister and Yasir Arman for foreign affairs

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  • 14 June 2012 10:57, by Northern Sudanese

    why are you south sudanese commenting on sudans economic situation?

    80% inflation
    83% poverty
    4.7 milion starving people
    $4 bilion stolen dollars
    98% of gdp cut
    unable to afford food prices
    killing each other for no good reason
    citizens leaving border states
    no food, medicine, education roads ect.
    tribal conflict
    upcoming war
    no development
    dying nation

    and you speak about sudan???

    repondre message

  • 14 June 2012 11:12, by Northern Sudan

    NCP, will never come into power, those seeme, jalaba, and other fact sudanese, you gays suppose not to talk on our country issues, who give you permission to disscus our issues, please i warn you intruders , go back to your countries, leave us with our Economic problem, and those sudanese fro western sudan, you people will continue to be slave of NCP not sudan till you learn how to save your selve

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    • 14 June 2012 11:42, by SEE ME

      Northern Sudan

      Pls don’t degrade your roots from SOUTH SUDAN and call yourself Northern Sudan.

      SOUTHEN SUDANESE are human beings and no one in this world is better than them.

      I am only after the bad behaviors South sudanese but not their race.
      I can say that they are true grand sons and daughters of ADAM & EVE.

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      • 14 June 2012 16:40, by Beneben Bai

        Thank you SEE ME for this comment

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      • 14 June 2012 19:36, by Panthouandbeyond

        SEE ME

        I left ghost out this time because you soud positive. Your aknowdlegement about all humans make you sound human. Let see.

        Panthou

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      • 14 June 2012 19:58, by ForAll

        SEE ME

        "I am only after the bad behaviors South sudanese but not their race. I can say that they are true grand sons and daughters of ADAM & EVE."

        Nice to hear that from you.

        God bless you

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  • 14 June 2012 16:00, by Go to Hell

    To See Mee

    I like the way you advised your arabs colleagues to eat Asita instead of Gurasa, this will not help your Bankruptcy, the only way is to beg South Sudanese to agree to use your pipeline and pay you 0.001 USD to survive otherwise consider your selves dead of hunger. Finance people never told anyhow about economy thread and when they open their mouth of Bankruptcy you are finished

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  • 15 June 2012 00:13, by Kim Deng

    "Removing fuel subsidies and increasing (fuel) prices are measures taken by a bankrupt state," Finance Minister Ali Mahmoud said during a parliamentary debate on Wednesday, local newspapers including the daily al-Sudani reported.

    The finance ministry could not be reached but several journalists attending the debate confirmed the comments on Thursday.

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    • 15 June 2012 00:36, by allan

      North sudan are really fool they dont understand albashir all ready took enough money and is on the go and u guys need to fucking keep his ass b4

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  • 15 June 2012 06:18, by 4Justice

    Breaking News!: The Euro has collapsed unofficially
    http://www.stevequayle.com/index.html

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    • 15 June 2012 06:36, by 4Justice

      When you see German bond rates become negative (as it is now), it tells you that there is massive fear in the financial markets. Global economic, financial and monetary collapse dead ahead. Convert your paper assets, fiat currencies to hard assets like gold and silver! brace yourself - Satanic World War 3 is imminent! Set your spiritual house in order. There is power in the blood of Jesus Christ!

      repondre message

  • 15 June 2012 07:45, by E. Defense Forces
  • 31 July 2012 12:26, by danaray79

    Nicely explained. It’s indeed an art to stop new visitors with your attractive writing style. Truly impressive and nice information. Thanks for sharing. Buy Dissertation.

    repondre message

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