{"id":20028351,"date":"2023-02-03T17:23:30","date_gmt":"2023-02-03T16:23:30","guid":{"rendered":"https:\/\/www.dabangasudan.org\/?p=20028351"},"modified":"2023-02-09T16:27:37","modified_gmt":"2023-02-09T15:27:37","slug":"sudan-economic-situation-remains-poor-2023-budget-vague","status":"publish","type":"post","link":"https:\/\/www.dabangasudan.org\/en\/all-news\/article\/sudan-economic-situation-remains-poor-2023-budget-vague","title":{"rendered":"<strong>Sudan economic situation \u2018remains poor\u2019, 2023 budget \u2018vague\u2019<\/strong>"},"content":{"rendered":"\n<div class=\"wp-block-group is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<p><strong>KHARTOUM &#8211;<\/strong> <\/p>\n\n\n<div style=\"font-style:normal;font-weight:700;\" class=\"wp-block-post-date\"><time datetime=\"2023-02-03T17:23:30+01:00\">03\/02\/2023<\/time><\/div><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p><strong>Sudan&#8217;s macroeconomic situation remain<\/strong><strong>ed<\/strong><strong> poor in January<\/strong><strong>, FEWS NET reported on Wednesday. Economists criticise the national budget for this year for its lack of clarity.<\/strong><\/p>\n\n\n\n<p>\u201cThe national budget for the year 2023 that was approved on February 1 does not reach the level of a budget,\u201d <a href=\"https:\/\/www.dabangasudan.org\/en\/all-news\/article\/economist-little-hope-for-sudan-national-budget\" target=\"_blank\" rel=\"noreferrer noopener\">economist Hasan Bashir<\/a> says. &nbsp;<\/p>\n\n\n\n<p>\u201cIt is more a financial plan based on revenues and expenditures to run the wheel in the state,\u201d he told Radio Dabanga. \u201cIn light of the governmental and political vacuum in the country, it is of course not possible to approve a comprehensive national budget.\u201d<\/p>\n\n\n\n<p>Bashir explained that the data related to education, health, and other sectors are very vague. \u201cIn addition, the approved budget does not contain any real indicators of resources in the country, which is worrying, especially in light of the economic recession that seriously affects the country.<\/p>\n\n\n\n<p>\u201cThe revenues the budget relies on are the export of gold and livestock, in addition to the various taxes and levies that burden the Sudanese,\u201d he stated.<\/p>\n\n\n\n<p>The economist described the stage Sudan is going through now as unnatural, and said he expects that \u201cthe budget will be amended even if a new government is not formed\u201d.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"has-vivid-red-color has-text-color\"><em>\u2018The approved budget does not contain any real indicators of resources in the country, which is worrying\u2019 \u2013 economist Hasan Bashir<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>He said that the formation of a government will certainly contribute to improving the economic situation and the state\u2019s general budget.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.dabangasudan.org\/en\/all-news\/article\/economist-warns-of-revolution-of-the-hungry-if-sudan-s-inflation-is-not-addressed\" target=\"_blank\" rel=\"noreferrer noopener\">Sidgi Kaballo<\/a>, economic expert and leading member of the&nbsp;Communist&nbsp;Party of Sudan,&nbsp;also denounced the lack of clarity in the 2023 budget. &nbsp;<\/p>\n\n\n\n<p>\u201cTalking about a percentage of expenditures without specifying the details is misleading and does not allow us to get an idea about the real areas of expenditures,\u201d he told Radio Dabanga.<\/p>\n\n\n\n<p>\u201cThis budget, approved in a joint meeting of the Sovereignty Council that was hijacked by the October 25 coup and the Council of acting Ministers, can only be temporary. When the political situation in the country improves, many local, regional, and international conditions will change accordingly, which could lead to a breakthrough in aid,\u201d he said.&nbsp;\u201cThe current instability poses a very serious risk to investment.\u201d<\/p>\n\n\n\n<p>He further noted that the current budget deficit is relatively high compared to previous years.&nbsp;<\/p>\n\n\n\n<p><strong>\u2018Poor\u2019<\/strong><\/p>\n\n\n\n<p>The Famine Early Warning Systems Network (FEWS NET*) <a href=\"https:\/\/fews.net\/east-africa\/sudan\/key-message-update\/january-2023\" target=\"_blank\" rel=\"noreferrer noopener\">reported on Wednesday<\/a> that Sudan&#8217;s macroeconomic situation remains poor in January 2023, \u201cdue to persistent low foreign currency reserves, longstanding political instability, the weak exchange rate, and the high inflation rate\u201d.<\/p>\n\n\n\n<p>On January 27, the US Dollar exchange rate was trading at SDG 594 on the parallel market and SDG 585 in most commercial banks, compared to SDG 485 and SDG 440 in January 2022.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"has-vivid-red-color has-text-color\"><em>\u2018The high cost of living is continuing to reduce households\u2019 purchasing power for their food and non-food needs\u2019 \u2013 FEWS NET<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>From November to December, the Consumer Price Index (CPI) remained stable, although annual inflation declined to 87 percent, the report reads. \u201cThe CPI is being driven primarily by increases in the cost of education, and food and beverages, which are 89 and 65 percent higher than last year, respectively. The high cost of living is continuing to reduce households\u2019 purchasing power for their food and non-food needs.\u201d<\/p>\n\n\n\n<p>The recently concluded harvests are improving household food access in most areas of Sudan. Yet people continue to suffer, in particular in conflict-affected areas in Darfur, Blue Nile, Kordofan, Kassala, and Red Sea state, where a number of people continue to face a food crisis as household access to food and income remains low due to the impact of insecurity and high food prices.<\/p>\n\n\n\n<p>These areas will likely continue to face higher-than-normal humanitarian food assistance needs during the post-harvest period through to the beginning of the lean season in May, FEWS NET stated.<\/p>\n\n\n\n<p>The overall national cereal production for the 2022\/23 cropping season was higher than last year despite reductions in the area planted. Staple food prices have continued to decline seasonably across all markets since the start of the harvest in October 2022. Cereal prices are anticipated to remain more than three times above the five-year average, however, driven by the high cost of production, the weak exchange rate, and high international food prices, contributing to ongoing high inflation in the country.<\/p>\n\n\n\n<p>* <em>The Famine Early Warning Systems Network is a leading provider of early warning and analysis on food insecurity. Created by USAID in 1985 to help decision-makers plan for humanitarian crises, FEWS NET provides evidence-based analysis on approximately 30&nbsp;countries.<\/em><\/p>\n<div class=\"sws_supernormalaction\"><button on=\"tap:superwebshare-lightbox\" class=\"superwebshare_normal_button1 superwebshare-button-large superwebshare-button-square superwebshare_prompt superwebshare_button_svg\" style=\"color:#ffffff;background-color: #d52631;\" ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"superwebshare-svg\"  fill=\"currentColor\" viewBox=\"0 0 1000 1000\" stroke=\"currentColor\" stroke-width=\"0\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M789.86,323.67c91.79,0,164.25-72.46,164.25-164.25S881.64,0,789.86,0S625.6,72.46,625.6,164.25c0,4.83,0,14.49,0,24.15L306.76,371.98c-24.15-24.15-57.97-33.82-96.62-33.82c-91.79,0-164.25,72.46-164.25,164.25s72.46,164.25,164.25,164.25c38.65,0,72.46-14.49,96.62-33.82L625.6,821.26c0,9.66,0,14.49,0,19.32c0,86.96,72.46,159.42,159.42,159.42s159.42-72.46,159.42-159.42s-67.63-159.42-154.59-159.42c-33.82,0-67.63,9.66-96.62,33.82L374.4,526.57c0-9.66,0-19.32,0-24.15s0-14.49,0-24.15l318.84-188.41C717.39,314.01,751.21,323.67,789.86,323.67z\" \/><\/svg><span>Share article<\/span><\/button><\/div>","protected":false},"excerpt":{"rendered":"<p>KHARTOUM &#8211; Sudan&#8217;s macroeconomic situation remained poor in January, FEWS NET reported on Wednesday. Economists&#8230;<\/p>\n","protected":false},"author":24,"featured_media":20028352,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34,35,29,27,108],"tags":[],"class_list":["post-20028351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2021-coup","category-agriculture","category-economy","category-news","category-news-headlines"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sudan economic situation \u2018remains poor\u2019, 2023 budget \u2018vague\u2019 - Dabanga Radio TV Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dabangasudan.org\/en\/all-news\/article\/sudan-economic-situation-remains-poor-2023-budget-vague\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sudan economic situation \u2018remains poor\u2019, 2023 budget \u2018vague\u2019 - Dabanga Radio TV Online\" \/>\n<meta property=\"og:description\" content=\"KHARTOUM &#8211; Sudan&#8217;s macroeconomic situation remained poor in January, FEWS NET reported on Wednesday. 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