Sudanese Minister of Finance and Economic Planning, Gibril Ibrahim, announced that his country’s economy is still holding together and the planned collapse due to the ongoing war in the country has not occurred.
The minister revealed – according to what Al Jazeera’s correspondent in Sudan reported – an improvement in revenue collection that came after the measures taken by the government to address weak revenues.
He explained that the measures included expanding the tax umbrella and continuing efforts to implement digital transformation, noting that 30% of the center’s revenues are transferred to the states through the Federal Governance Bureau.
The Minister revealed during a press conference yesterday, Thursday, at the Ministries Complex in Port Sudan, that there is a production of corn and wheat sufficient for consumption needs, indicating that the Ministry of Finance is committed to purchasing farmers’ production to redistribute it to the states according to the approved mechanism.
He stressed that people’s livelihoods represent a challenge to the government, which seeks to provide free food to those who cannot afford it, in addition to its commitment to pay the costs of transporting relief for the benefit of citizens.
The Minister explained – in response to journalists’ questions – that the banking portfolio established by the Central Bank of Sudan aims to provide the currency required to meet the provision of basic commodities to the citizen.
He pointed out the continuation of efforts to stabilize the exchange rate as a fundamental concern, alongside the efforts made to reform the banking system affected by the war.
He added that the state was interested early in reconstruction after the end of the war, and a committee was formed to assess the losses and damages inflicted on the country and develop a vision for addressing them and seeking the assistance of external competent authorities to implement this.
