Sudan parliament reviewing 2010 budget

November 4, 2009 (KHARTOUM) – The Sudanese government sent to the national assembly its budget plan for the 2010 fiscal year aimed at achieving a 6% growth rate.


Sudanese Finance Minister Awad Ahmed Al-Jaz (AFP)

The proposed budget is projecting $10 billion in revenue and grants with $13.4 billion in expenditures but it is not clear how the $3 billion deficit will be funded though the government normally borrows from the banking sector.

44% of the forecasted revenue will be generated through the oil exports, 47.3% from non-petroleum sector and 8.3% from grants.

The Sudanese finance and national economy minister Awad Al-Jaz said the focus of spending is on the five-year plan in terms of agriculture, eliminating poverty, peace sustaining projects and attracting strategic partnerships.

Al-Jaz also said that the new budget will target a 9% inflation rate and limiting borrowing from the banking sector to 0.9% from the total GDP.

The Sudanese official noted several major infrastructure project including ones that will increase generation of electricity, new railroads and grain production.

Sudan is currently under a monitoring program from the International Monetary Fund (IMF) per a request from Khartoum last July to help weather the global economic crisis.

The impact of the recession took a toll on the oil prices that dropped from their 2008 records leaving the government with barely enough money to pay salaries and wages.

The IMF recommended changing tax codes and reducing spending on social programs to reduce the deficit but it is unlikely that any such measures before the April 2010 presidential and parliamentary elections.

(ST)

10 Forum messages

Sudan parliament reviewing 2010 budget 5 November 2009 07:43, by johnmaker

What a miracle from incompetent finace minister.Good luck.

Sudan parliament reviewing 2010 budget 5 November 2009 08:24, by oshay

how is he incompetent you rat, how about you tell us where the SPLM put the missing 200 million dollars.
- Sudan parliament reviewing 2010 budget 5 November 2009 08:37, by Wende Yongaptheeth
  
  Oshay,
  
  When we leave, we southerners, you will starve to death because we will take our oil and you will be begging the arab World.
  
  Your grey dumb uncle Ijaz is over with his policies and blind mind. We will take our pound and oil and you will return to your dinkum or dinar which is a fiduciary currency.
  - Sudan parliament reviewing 2010 budget 5 November 2009 10:02, by Abyei
    
    Dear Oshey!!
    
    Your husband Abu Jaz did not indicate where the budget plan were likely to increase or fall.
    
    However, We as SPLM hoped to be able to present the details to South Sudan governments "very soon", with agreement in place with governments and unions between January and March of next year. The South Sudan government had a very strong appetite for the Magna proposal, so I can well imagine and well understand [its reaction]
    
    What next for North Government?
    
    At South, South last month reached a deal with NCP when they limit Southern bedget cuts on Oil Supply, and all through voluntary redundancies.
    
    South will now have to seek a fresh agreement with NCP.
    
    Business Miniser Abu Jaz said earlier on Wednesday that he was keen for "very early discussions" with Government of South Sudan over how its plans budget for the next year 2010 for election.
- Sudan parliament reviewing 2010 budget 5 November 2009 08:57, by johnmaker
  
  Hey Oshay stop your stupidity on me. I know where you are.Don’t let me come and fuck your dirty ass.Don’t you read the request made by him was disqualify by IMF because Imf would not understand they way he design the request motherfucker.
  - Sudan parliament reviewing 2010 budget 5 November 2009 11:04, by richard opele
    
    Yes Mr. Oshay, thanks for asking where is the $200 million? This money was used for the purchase of missiles to destroy the toys you bought from China & Russia. rememeber things are not like the 21 years of geurilla war fare; this time is the worst at the side of north

Sudan parliament reviewing 2010 budget 5 November 2009 15:36, by jalabi

What crazy people!!!!

You don’t know how the $3 billion deficit will be funded?? I will tell you, it is so easy, the $3 billion deficit will be funded from the south oil, all we need to do is to increase the amount of oil that we steal from south everyday, SPLM is deaf and disable movement and they will never find out even if they find out (western people will tell them) they will do nothing else than complaining, crying and making loud voice that’s all they can do.

We will not die from starvation if the south take their oil but in fact the south will die of starvation because at least we give them 50% now and they can barely survive and when they separate Dinka will immediately put all the 50% on their pockets and steal it completely, southerners will not be able to see it at all, I think Mr. Bill Gates is not going to be the first rich man anymore but a Dinka guy will soon emerge and take place.

We don’t need the oil south anymore after separation because we have Higlig oil that the international court gave it us plus our oil in south Kordofan, that’s more than enough.

Don’t make yourself busy of creating trouble to us after separation but concentrate on building your country and fight corruption (Dinka).

Jalabi (Abo Jalabia)

Sudan parliament reviewing 2010 budget 5 November 2009 18:16, by brothers?

"What crazy people!!!! You don’t know how the $3 billion deficit will be funded?? " what are trying to tell south Sudanese plz? enough is enough for this great mess made by both side NCP as SPLM. I would like to tell you that days are numbering lastly all of you will shed tears in bloody of south Sudan..remember the past pays for the future and also south is already on her way for it’s independence 2011.

May God bless the southern s to achieves their goals of peace!!!
- Sudan parliament reviewing 2010 budget 5 November 2009 19:50, by mohammed ali
  
  This budget is for the North,SPLA is allowed to discuss our budgt, while we are not allowed to say a word about what is happining in th south!Then, who is the first class citizents?
  
  I think it is our problem to tackle the budget deficit.As far as the pipeline is passing through the north,we will take our share of it,and so will do Kenya if you diverted pipeline!
  
  The majority of oil is still un-tapped, and it is in the north!This why Americans are working very hard to conduct the elections,slove the problem of Darfur,persuade the south not to vote for separation; only then they could come and invest in a democratic country!
  
  Some people in the north are calling for a referendum in the north,they are accepting a quorum of 90% and a majority of 75%!!!
  - Sudan parliament reviewing 2010 budget 5 November 2009 23:22, by jalabi
    
    You’re absolutely right, SPLM gave themselves the veto to reject any law that north propose while north have no right to say a single word in the south, they’re against the current budget, does anyone in north know anything about the south budget?? SPLM against the new security law while there is no security or law in the south, SPLM fight for establishing democratic system in north while there is no democracy in the south but the "law of jungle" is the only law and no room for weak people!!
    
    We have enough oil that will cover all our need and more.
    
    Thanks for Mr. Kiir for asking southerners to vote for separation and we will soon get rid of this headache and this disaster and nightmare for good, just go!