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
Ghana enacts the VASP Bill 2025 to regulate digital assets under the Bank of Ghana, ending years of legal and regulatory ambiguity. The law mandates...
Sanlam Maroc takes a stake in Woliz, a local retail tech startup The deal marks Sanlam’s first long-term private equity venture in Morocco Investment...
Treasury securities issuance reached CFA5,272.8 billion from January to October Bond issues exceeded Treasury bills, signaling a shift to longer-term...
US strikes in Sokoto test Nigeria's financial stability, causing Eurobond yields to surge and investor risk premiums to rise sharply. The Naira...
Most Read
01

Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...

Kenya targets UK market to boost mango exports
02

Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...

Beyond Online Checkouts: Apple Pay Finds a Second Row into Nigeria via Nomba
03

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
04

Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...

Safaricom and Airtel Money Licensed to Facilitate Capital Markets Access in Kenya
05

MTN Zambia launched a Mastercard-powered virtual card enabling secure global online payments for u...

MTN MoMo, Mastercard Partner in Zambia to Boost Global Payments
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.