Sudan's 2019 budget
billion Sudanese pounds
($1.4 billion) in subsidies
, 53 billion
of which is for fuel and bread, Prime Minister Motazz Moussa
said on Wednesday.
Fuel is sold in Sudan at 10 percent of its real cost, while
the government pays for 90 percent of its value in direct
subsidies, Moussa said at a press conference.
The government pays $36 million in fuel subsidies per week
and 35 million Sudanese pounds in bread subsidies per day, the
prime minister said.
"There will be no lifting of subsidies," Moussa said. "But
there will be new policies to direct subsidies to the deserving,
as we cannot subsidise the financially able."
The government has been expanding its money supply to
finance its budget deficit, spurring inflation and weakening the
Sudan lost three-quarters of its output of oil, a crucial
source of revenue and foreign currency, when the south of the
country seceded in 2011.
($1 = 47.4992 Sudanese pounds)
(Reporting by Khalid Abdelaziz; Writing by Yousef Saba; Editing
by Hugh Lawson)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)