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Poverty in Sudan risen to 65% - Dabanga Radio TV Online
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Economist: Little hope for Sudan national budget - Dabanga Radio TV Online
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Economic analyst Khalid Saad said that low inflation does not necessarily indicate that the economic situation is good, explaining economic indicators will only recover once there is political stability in the country. A resident in Omdurman told Radio Dabanga: “We all are desperate and afraid of the future. I tell you, Sudan is gone.”
January 7 - 2021 KHARTOUM
(File Photo)
Yesterday, Minister of Energy and Mining Kheiri Abdelrahman attributed the significant increase in power tariffs to the need to cover the deficit in finances concerning electricity provision.
The deficit now amounts to roughly 60 per cent of the budget because of the soaring annual inflation and the unprecented 700 per cent increase in salaries of government employees last year, he explained in a press statement yesterday.
The Minister, however, emphasised that the tariffs increase has been imposed “in a balanced way” and will not affect “the simple consumer, farming areas, and the pharmaceutical industry”.
He explained that roughly 70 per cent of the provided electricity is subsidised, which should cover an estimated 40 per cent of the consumers in Sudan.