Please share it

Sahel Blog

Protests have continued in Khartoum, Sudan, over the government’s austerity package. Demonstrations by students and others began Saturday, and protesters clashed with police Monday, Tuesday, and today.

Today also brought more details regarding the austerity measures:

Speaking in parliament, Finance Minister Ali Mahmud al-Rasul said fuel prices will rise by between 12.5 and 60 percent, as the government moves to scrap subsidies it can no longer afford.
Taxes on bank profits will also jump, from 15 to 30 percent, and VAT will rise from 15 to 17 percent, he added, while the administrative expenses of the government are to be cut by 25 percent.
In another key measure aimed at tackling Sudan’s financial woes, the government will devalue the local currency, from 2.7 Sudanese pound (SDP) to the dollar to 4.4 SDP, closer to the black market rate of around 5.5 SDP.

Last-minute amendments to the budget by the…

View original post 195 more words

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s