January 8 - 2021 KHARTOUM
Cabinet meeting of the Council of Ministers, chaired by PM Abdallah Hamdok (File photo)
Yesterday, the Council of Ministers, headed by Prime Minister Abdallah Hamdok, approved the 2021 budget, with a total deficit of 1.4 per cent, and a reduction in government spending by 24 per cent.
The Finance Ministry will submit the 2021 budget at a joint meeting of the Sovereign Council and the Council of Ministers on January 10 “for final approval”.
Information Minister and Government Spokesperson Feisal Mohamed Saleh explained in a press conference that the budget has been subjected to many adjustments, after receiving comments from many parties, including the Economic Committee of the Forces for Freedom and Change and the parties to the peace process.
January 7 - 2021 KHARTOUM
The Sudanese Ministry of Finance and the US Treasury Secretary Steven Mnuchin signed a Memorandum of Understanding in Khartoum this morning to liquidate Sudan’s arrears to the World Bank and enable Sudan to obtain more than $1 billion (Picture: US Embassy, Khartoum)
The Sudanese Ministry of Finance and the US Treasury Secretary Steven Mnuchin signed a Memorandum of Understanding in Khartoum yesterday morning to liquidate Sudan’s arrears to the World Bank and enable Sudan to obtain more than $1 billion. Secretary Mnuchin was paying a one-day visit to Sudan to discuss settling Sudan’s debt to the World Bank, the economic situation, financial transparency, and normalisation of ties with Israel.