MOSCOW (Sputnik) – Sudan’s cabinet of ministers on Thursday approved a fiscal budget for 2021 in a meeting with the transitional Sovereignty Council.
According to Acting Minister of Finance and Economic Planning Hiba Mohamed Ali, who spoke after the meeting in a press conference broadcast by state new agency SUNA, the government’s budget amounts to 1.08 trillion Sudanese pounds ($18 billion), 24 percent of which will be directed toward subsidizing basic products and services for the Sudanese people as well as social programs.
The budget was agreed to a day after Prime Minister Abdalla Hamdok signed the Abraham Accords to normalize ties with Israel in the company of US Treasury Secretary Steve Mnuchin. The two also signed a memorandum of understanding allowing Sudan to receive a $1 billion loan from the US.
The budget will now be referred to the Sudanese parliament for a two-chamber vote before the Sovereignty Council, the transitional head of state, signs it into law.
Sourse: sputniknews.com
