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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…
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