Public Management

Sudan expects its economic growth to be 5.1% in 2019

Sudan expects its economic growth to be 5.1% in 2019
Wednesday, 19 December 2018 16:52

Sudan expects the economy to grow by 5.1% in 2019 against 4% in 2018, according to the government's draft bill adopted on December 19, 2018.

The draft bill also expects the budget deficit to drop from 3.7% in 2018 to 3.3% in 2019.

Exports should rise by 30% in 2019 while the government’s revenues will increase by 39% to SDG162.3 billion ($3.43 billion) according to the forecasts.

"The 2019 budget is based on real resources and disciplined expenditures,"  said prime minister Moataz Moussa (photo), indicating that the government is focused on an increase of the oil, wheat and sugar production as well as important investments in the digital economy.

In another statement, the head of state Omar al-Bashir announced a reduction of oil subsidies indicating that there could not be any real economic reform while leaving those subsidies untouched. The head of state also explained that Sudan was still united and stable despite an important loss of oil revenues after the separation with South Sudan in 2011.

Following this separation, Sudan lost ¾ of its oil production, which used to represent 90% of exports and 40% of the budget.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Gabon mandates local reinsurance use before foreign transfers Policy aims to curb capital flight, boost premium retention Insurance market revenue...
Togo plans to raise CFA25 billion ($40.5 million) through short- and medium-term debt securities on the UMOA-Titres market on October 24,...
Kenya proposes crypto risk insurance to protect against theft, fraud Draft law creates new "digital asset insurance" category in sector Move...
OeEB and Finnfund issue $25M loan to CRDB Burundi 4,000 MSMEs to benefit, 30% funds for women-led firms Deal marks OeEB’s first Burundi...
Most Read
01

BYD to install 200-300 EV chargers in South Africa by 2026 Fast-charging stations powered by grid...

China's BYD Plans 300-Station EV Charging Network for South Africa
02

Drones to aid soil health, pest control, and input efficiency High costs, skills gap challenge ac...

Kenya Plans National Drone Rollout to Modernize Farming
03

Diaspora sent $990M to CEMAC via mobile money in 2023 Europe led transfers; Cameroon dominat...

Mobile Money Transfers to CEMAC Near $1B in 2023
04

TotalEnergies, Perenco, and Assala Energy account for over 80% of Gabon’s oil production, estimate...

Gabon Seeks Foreign Partners to Revive Declining Oil Sector
05

IMF cuts WAEMU 2025 growth forecast to 5.9% Strong demand, services, and construction support...

IMF Lowers WAEMU Bloc’s Growth Forecast to 5.9% for 2025, Benin Now Leading
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.