Sudan's Coup - a Death Knell for the 2022 Budget - News Summed Up

Sudan's Coup - a Death Knell for the 2022 Budget


opinionThe 25 October military coup has left the country's 2022 budget plans in confusion, with earlier projected economic growth of 3% now dashed - Sudanese may expect more price hikes, power cuts, and empty shelves in the new year. The military coup has effectively frozen government institutions and an economic blockade in Eastern Sudan -led by the High Council of Beja Tribes who support the coup- has contributed to diminished currency reserves and trade deficits. Better timesWestern diplomats and bankers say economic reforms made during the transitional government prior to the coup are now at risk. Unable to fund imports during the coup, Sudan may be forced to print banknotes, a policy that fuelled a long-running economic crisis. These challenges will continue with the military dominating budget expenditures -as they have done so in previous years.


Source: The North Africa Journal December 23, 2021 16:48 UTC



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