Home | News    Sunday 24 August 2014

Sudan to continue phasing out subsidies


August 23, 2014 (KHARTOUM) – Sudanese finance minister Badr al-Din Mahmoud said on Saturday that his government will continue lifting subsidies on consumer goods, stressing that the 2015-2019 economic programme is based on controlled economic liberalisation policy.

PNG - 160.6 kb
Sudanese finance minister Badr al-Din Mahmoud

Protests erupted in Sudan’s major towns last September following an announcement by the government that it was reducing subsidies on fuel and other basic commodities, leading to calls for regime change. At least 200 protesters died, 15 of them children and more than 800 others have been detained.

Mahmoud, who addressed a conference of the ruling National Congress Party (NCP) economic sector stressed that the quintet program underscored the need to carry out tax and customs reforms in order to increase revenues by focusing on direct taxes.

Earlier this month, the International Monetary Fund (IMF) published a memorandum issued by the Sudanese government in which it vowed to carry out several economic measures including lifting of government subsidies on energy sector besides revising customs exemptions and the tax code.

The minister said that the quintet program aims at achieving balanced development through redistribution of development projects among states and equitable distribution of national income among Sudanese people besides limiting government expenditure, stressing the need to increase resources and boost banks’ efficiency, investment and production.

He added that they are currently focusing on curbing inflation and attracting national and foreign investments besides stabilising the exchange rate, noting that the program seeks to increase agricultural, industrial, oil and mineral production, as well as transformational industries.

A bulletin issued by Sudan’s Central Bureau of Statistics (CBS) earlier this month showed that the monthly inflation rate edged upwards in the month of July to 46.8% from 45.3% in June amid sharp price increases o goods and services.

The government official further said the quintet program seeks to promote the private sector so that along with the public sector it could participate in achieving economic development.

He called for galvanising efforts to support the weak social sectors through coordination with partners such as the Zakat (alms) Chamber to fight against poverty and unemployment and achieve the desired social stability, saying the current stage requires promotion of health, education and water services.

Mahmoud also pointed to the negative impact caused by South Sudan’s secession and the international economic crisis on the Sudanese economy.

Sudan lost 75% of its oil reserves after the southern part of the country became an independent nation in July 2011, denying the north billions of dollars in revenues. Oil revenue constituted more than half of Sudan’s revenue and 90% of its exports.

The Sudanese pound lost 100% of its value since South Sudan’s secession. One US dollar is now trading at 9.4 Sudanese pounds (SDG) in the black market. The official exchange rate is around 5.7 pounds to the dollar.


Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 24 August 2014 11:44, by ForAll

    Sorry Mahmoud that you are throwing words to brainwash the minds of Sudanese peoples.

    What are the real resources that will support the economy of Sudan???

    What have you done for the improvement of Oil production??

    You better be open minded for a minute !!!!!

    repondre message

Comment on this article


The following ads are provided by Google. SudanTribune has no authority on it.

Sudan Tribune

Promote your Page too

Latest Comments & Analysis

The Sudanese rebels’ national agenda is causing local harm 2015-11-26 07:46:17 By Hafiz Ismail Mohamed Sudan people's Liberation Movement- North (SPLM-N)'s insistence on negotiating with the government about national issues only – rather than giving priority to South (...)

Tribal politics is what destroying our social fabric 2015-11-25 06:08:13 By Malek Cook-Dwach, “The world is a dangerous place to live, not because of the people who are evil, but because of the people who don't do anything about it.”? Albert Einstein In the paradox of (...)

Beyond the Façades of Khartoum: The rise of Sudan’s ‘nouveau riche’ and increased economic disparity 2015-11-22 23:36:46 By Suliman Baldo As Sudan loses skilled professional workers, in Khartoum, a privileged minority grows richer, living in opulence and purchasing luxury goods with money from the state or income (...)


Latest Press Releases

Deadly Public Order raid in Umm Dawm 2015-11-11 13:26:10 The Strategic Initiative for Women in the Horn of Africa (SIHA)Deadly Public Order Raid in Umm Dawm On the 14th of October, the Public Order Police (POP) carried out a sweep in Umm Dawm, an area (...)

S. Sudan civil society groups to the 28 states issue to constitutional body 2015-10-08 17:26:10 South Sudan Civil Society Organizations Submission on the Creation of 28 States in the Republic of South Sudan Press Statement For immediate Release 8th October 2015 Following the announcement (...)

Sudan Democracy First Group Statement on The International Day for Democracy 2015-10-01 22:18:58 22 September 2015 Sudan Democracy First Group (SDFG) commemorated on 15 September 2015 the International Day for Democracy, which the United Nations (UN) marks as a day to encourage governments (...)


Copyright © 2003-2015 SudanTribune - All rights reserved.