منتديات سودانيزاونلاين    مكتبة الفساد    ابحث    اخبار و بيانات    مواضيع توثيقية    منبر الشعبية    اراء حرة و مقالات   
News and Press Releases    اتصل بنا    Articles and Views    English Forum    ناس الزقازيق   

Home Search

Board Laws

Articles

Refresh

المنبر العام
Sudanese Videos

Archives

News in English

News in Arabic

Welcome Guest [Login]
Your last visit: 12-12-2024, 11:52 AM Home

News and Press ReleasesSudan could lift fuel subsidies at ‘any moment’: official
Printable Version   Forward   Threaded View « Previous Topic | Next Topic »
Jump to newest reply in thread »

Sudan could lift fuel subsidies at ‘any moment’: official

09-03-2013, 06:25 PM
SudanTribune








Sudan could lift fuel subsidies at ‘any moment’: official

    September 2, 2013 (KHARTOUM) – The Sudanese government is poised to lift fuel subsidies for the second time since last year as the fiscal situation for the country continues to be leak, a senior official said.

    JPEG - 31 kb
    Mohamed Khair Al-Zubair Ahmed, governor of Sudan’s central bank (Reuters)

    The governor of Sudan Central Bank Mohamed Khair al-Zubeir was quoted by pro-government Akhbar Al-Youm newspaper on Sunday as saying that they will target diesel first as it would affect fewer economic sectors as compared to gasoline.

    Al-Zubeir noted that Sudan imports petroleum worth $1.4 billion which he said never happened in the history of the country.

    He warned that the economic picture is unlikely to change before three years and will be contingent upon boosting oil production.

    Sudan lost 75% of its oil reserves after the southern part of the country became an independent nation in July 2011 denying the north billions of dollars in revenues.

    Prior to the country’s breakup, Sudan produced close to 500,000 barrels but now its output is limited to 140,000 barrels per day. Oil revenue constituted more than half of the Sudan’s revenue and 90% of its exports.

    Per cooperation deals signed between Khartoum and Juba the latter pays a fee to the Sudanese government for the use of its pipelines and oil installations in exporting its crude.

    The Central Bank governor stressed that the balance of payment reached a critical stage with imports at $8 billion which is twice export figures of $4.

    He also disclosed that Sudan’s gold exports so far stood at $650 million compared to last year which reached $2 billion.

    In separate statements, the finance and national economy minister Ali Mahmood Abdel-Rasool revealed that Sudan sells oil for $49 a barrel while buying it for at least $100 adding that part of the subsidy goes to undeserving people which requires restructuring of the subsidy system.

    Following the independence of South Sudan in July 2011, Khartoum was forced to introduce a contractionary budget that saw the partial lifting of fuel and food subsidies which triggered rare but small demonstrations across the country.

    The government defended the measures saying that the country can no longer afford to pay for these subsidies.

    The World Economic Outlook (WEO) released by the International Monetary Fund (IMF) last April Sudan’s economy shrinking by -4.4% last year.

    In 2013, Sudan is expected to achieve a 1.2% growth which is higher than the -0.6% projected by the IMF last year. Next year’s GDP is also forecasted to stand at 2.6% which is slightly better than the 2.1% predicted in the IMF last assessment of Sudan’s economy.

    (ST)

                  

Arabic Forum

[Post A Reply] Page 1 of 1:   <<  1  >>

Comments of SudaneseOnline.com readers on that topic:

Sudan could lift fuel subsidies at ‘any moment’: official
at FaceBook
Report any abusive and or inappropriate material



Articles and Views
اراء حرة و مقالات
News and Press Releases
اخبار و بيانات
اخر المواضيع فى المنبر العام
Latest Posts in English Forum



فيس بوك جوجل بلس تويتر انستقرام يوتيوب بنتيريست Google News
الرسائل والمقالات و الآراء المنشورة في المنتدى بأسماء أصحابها أو بأسماء مستعارة لا تمثل بالضرورة الرأي الرسمي لصاحب الموقع أو سودانيز اون لاين بل تمثل وجهة نظر كاتبها
لا يمكنك نقل أو اقتباس اى مواد أعلامية من هذا الموقع الا بعد الحصول على اذن من الادارة
About Us
Contact Us
About Sudanese Online
اخبار و بيانات
اراء حرة و مقالات
صور سودانيزاونلاين
فيديوهات سودانيزاونلاين
ويكيبيديا سودانيز اون لاين
منتديات سودانيزاونلاين
News and Press Releases
Articles and Views
SudaneseOnline Images
Sudanese Online Videos
Sudanese Online Wikipedia
Sudanese Online Forums
If you're looking to submit News,Video,a Press Release or or Article please feel free to send it to [email protected]

© 2014 SudaneseOnline.com


Software Version 1.3.0 © 2N-com.de