Analysts doubt the accuracy of the estimates optimistic, Bashir's regime: $ 1.5 billion budget deficit in Sudan in 2013
12-04-2012 03:19 AM(Reuters) - Sudan, who is facing an economic crisis after the secession of the oil-producing south on Monday a budget deficit of ten billion Sudanese pounds ($ 1.5 billion) in 2013.
Sudan is struggling to control rising prices and financing of the budget since the south secedes last year, taking with him the main source of government revenue and hard currency.
The crisis prompted the government to reduce its charge to support the program of fuel in June, which led to demonstrations limited anti-government.
The protests subsided in light of a severe crackdown, but inflation is still high and reached 45 percent in October.
The Sudanese government said in a statement announcing the approval of the budget 2013 the government aimed at reducing inflation to 20 percent next year and to maintain economic growth and keep the budget deficit under control and increase exports.
He said Finance Minister Ali Mahmoud told reporters after the approval of the new budget does not include tax or wage increases, although the government does not intend to raise the full support next year.
He said, "There is no increase in taxes or fees and no increase in wages and if an increase in wages, it requires the removal of subsidies on goods and fuel."
He added that the budget 2013 deficit will reach 3.4 percent of gross domestic product.
Some analysts question the accuracy of official estimates, saying it overly optimistic and that Sudan will face difficulty in bringing economic stability without charge oil from southern Sudan hermit.
And southern Sudan are forced to export crude through Sudan, but stopped production of 350 thousand barrels per day in full in January after a dispute over the amount of fees to be paid by him in return.
The two sides signed agreements in September opened the way for the resumption of oil flows, but did not resume production after. A senior official in southern Sudan on Sunday Alsarat could begin again by the end of this year.
In addition to raising public anger, analysts say that the economic crisis in Sudan increased divisions within the government and pressed on the social welfare system, which they say that President Omar al-Bashir depends on it.
The government statement predicted that total revenue of 25.2 billion pounds in 2013 and spending $ 35 billion, which means a deficit of almost ten billion pounds.
The deficit will reach about $ 1.5 billion, according to the current exchange rate on the black market of 6.5 pounds to the dollar.
The statement that the projected deficit in the budget of 2013 is approaching the projected deficit in 2012, reaching revenues to 19.1 billion pounds and expenses 28.7 billion pounds.
The statement added that gross domestic product grew 1.36 percent in 2012 and the trade deficit amounted to $ 3.2 billion after exports amounted to 3.8 billion U.S. dollars and imports seven billion.
Sudan trying to produce a lot of imported goods such as sugar, wheat and medicines. And wants to issue more goods such as gum arabic, cotton, cattle and gold.
The government said it expects exports to rise to $ 4.5 billion and imports to 7.2 billion in 2013, which there is a trade deficit of $ 2.7 billion.
The news agency quoted the Sudanese Mahmoud as saying earlier on Monday that it expected growth of Sudan's oil production of 115 thousand barrels per day to 150 thousand. The Sudan is planning to increase production to 180 thousand barrels this year, but failed to reach this goal.
The Minister of Finance that gold exports ranged between 47 and 48 tonnes by November and is expected to exceed 50 tons a year, the Seder on the country more than a billion dollars annually.
12-04-2012 03:19 AM(Reuters) - Sudan, who is facing an economic crisis after the secession of the oil-producing south on Monday a budget deficit of ten billion Sudanese pounds ($ 1.5 billion) in 2013.
Sudan is struggling to control rising prices and financing of the budget since the south secedes last year, taking with him the main source of government revenue and hard currency.
The crisis prompted the government to reduce its charge to support the program of fuel in June, which led to demonstrations limited anti-government.
The protests subsided in light of a severe crackdown, but inflation is still high and reached 45 percent in October.
The Sudanese government said in a statement announcing the approval of the budget 2013 the government aimed at reducing inflation to 20 percent next year and to maintain economic growth and keep the budget deficit under control and increase exports.
He said Finance Minister Ali Mahmoud told reporters after the approval of the new budget does not include tax or wage increases, although the government does not intend to raise the full support next year.
He said, "There is no increase in taxes or fees and no increase in wages and if an increase in wages, it requires the removal of subsidies on goods and fuel."
He added that the budget 2013 deficit will reach 3.4 percent of gross domestic product.
Some analysts question the accuracy of official estimates, saying it overly optimistic and that Sudan will face difficulty in bringing economic stability without charge oil from southern Sudan hermit.
And southern Sudan are forced to export crude through Sudan, but stopped production of 350 thousand barrels per day in full in January after a dispute over the amount of fees to be paid by him in return.
The two sides signed agreements in September opened the way for the resumption of oil flows, but did not resume production after. A senior official in southern Sudan on Sunday Alsarat could begin again by the end of this year.
In addition to raising public anger, analysts say that the economic crisis in Sudan increased divisions within the government and pressed on the social welfare system, which they say that President Omar al-Bashir depends on it.
The government statement predicted that total revenue of 25.2 billion pounds in 2013 and spending $ 35 billion, which means a deficit of almost ten billion pounds.
The deficit will reach about $ 1.5 billion, according to the current exchange rate on the black market of 6.5 pounds to the dollar.
The statement that the projected deficit in the budget of 2013 is approaching the projected deficit in 2012, reaching revenues to 19.1 billion pounds and expenses 28.7 billion pounds.
The statement added that gross domestic product grew 1.36 percent in 2012 and the trade deficit amounted to $ 3.2 billion after exports amounted to 3.8 billion U.S. dollars and imports seven billion.
Sudan trying to produce a lot of imported goods such as sugar, wheat and medicines. And wants to issue more goods such as gum arabic, cotton, cattle and gold.
The government said it expects exports to rise to $ 4.5 billion and imports to 7.2 billion in 2013, which there is a trade deficit of $ 2.7 billion.
The news agency quoted the Sudanese Mahmoud as saying earlier on Monday that it expected growth of Sudan's oil production of 115 thousand barrels per day to 150 thousand. The Sudan is planning to increase production to 180 thousand barrels this year, but failed to reach this goal.
The Minister of Finance that gold exports ranged between 47 and 48 tonnes by November and is expected to exceed 50 tons a year, the Seder on the country more than a billion dollars annually.
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