Sun. Oct 13th, 2024

Sudan’s Minister of Finance and Economic Planning, Jibril Ibrahim, announced in a press conference held on Monday a significant decline in government revenues due to the war and the previous focus on capital projects, stressing that this concentration led to a decrease in revenues by up to 80%.

Ibrahim pointed out that this shift in focus caused the deterioration of the economic situation but stressed the continuation of work to face the challenges and mitigate the effects of this previous trend.

Ibrahim revealed that Sudan lost about 3 tons of gold as a result of theft from the gold refinery in Khartoum, without naming the party that carried out the theft, and only said that the party responsible for the theft is “known.”

In a bid to stimulate the local economy, the minister called on landlords to rent them at reasonable prices, stressing the government’s efforts to provide assistance to citizens and solve their problems.

Ibrahim explained that the government is currently working on solving the problems of citizens and implementing national projects, with a focus on the issue of Red Sea water and electricity in the states, considering this a valuable addition to the local economy.

In a related context, the minister referred to the reconstruction plans that the government is considering and announced the formation of a committee to develop a comprehensive vision for this process, including the development of a vision for compensation, and foreign expertise will be used to achieve this goal.

With regard to priorities, the minister stressed the importance of supporting war efforts, helping the displaced, and strengthening the health sector, especially in light of the shortage of medicine stocks.

The minister concluded by emphasizing the focus on maximizing revenues and activating the role of government companies, noting that the 2024 budget is flexible and reviewed periodically, with a focus on war-affected states.

He also announced the return of foreign mining companies that left Sudan due to the war to resume their mining activity.

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