For his part, economic analyst Kamal Karrar told Radio Dabanga that the 2023 national budget"further impoverishes and starves Sudanese people while seeking to serve the goals of the coup."
Karrar said that the revenues and expenditures budget figures will serve the military and security institutions, indicating that spending on the productive sectors, services, and development is not clear. "The planned expenditures in the budget are huge and exceed SDG8 trillion. The revenues will be fed from customs fees and taxes which will lead to new price increases of goods and services."
He pointed to a large deficit in the budget, which will be covered by borrowing from the banking system, which will increase inflation rates and lead to a deterioration in the value of the pound.Fathi also told Radio Dabanga that"people can hardly bear the recent price increases. Their livelihoods are collapsing." This year's budget does not accommodate challenges to Sudan's economy, especially in light of the global economic crisis, he said.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
THE FINANCE GHOST: Yes, big tech stopped the headcountMarket estimates suggest nearly 100,000 jobs were cut in 2022 across the tech industry. It’s possible 2023 will dwarf that number, as the tech giants have sent the job market into a frenzy this month, writes FinanceGhost.
Source: FinancialMail - 🏆 20. / 63 Read more »
THE FINANCE GHOST: Yes, big tech stopped the headcountMarket estimates suggest nearly 100,000 jobs were cut in 2022 across the tech industry. It’s possible 2023 will dwarf that number, as the tech giants have sent the job market into a frenzy this month, writes FinanceGhost. FinanceGhost
Source: FinancialMail - 🏆 20. / 63 Read more »