IMF expects financial deficit in Sudan

Khartoum-The International Monetary Fund has expected a financial deficit of 1.2% in the budget of the country and a growth rate of 2.5%, affirming the reduction in the net reserves of the foreign currency in Sudan to 267 million dollars in the first quarter of the current year budget comparing to 355 million dollars in the same period in past year.

The IMF has said that the revenues of Khartoum have increased by 60% during the same period from January to March comparing to the same period last year.

The IMF attributed, in a statement yesterday, the rise in the revenues to the increasing of taxation, and reducing of oil subsidies.