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You are here: Home / Sudan to postpone lifting of fuel subsidies: minister

Sudan to postpone lifting of fuel subsidies: minister

· December 28, 2019 ·

KHARTOUM (Reuters) – Sudan’s transitional government is to postpone lifting fuel subsidies, initially planned as part of the 2020 budget, the information minister said on Saturday. FILE PHOTO: Sudan’s Finance Minister Ibrahim Elbadawi speaks during an interview with Reuters in Khartoum, Sudan November 7, 2019. REUTERS/Mohamed Nureldin Abdallah/File Photo Finance minister Ibrahim Elbadawi had said on Friday the fuel subsidies will be gradually removed. But the government met on Saturday with the former opposition which helped bring down veteran ruler Omar al-Bashir in April and agreed to not implement the decision until a conference in March where economic reforms will be discussed, information minister Faisal Saleh told Reuters. “In light of the decisions of this conference will be determined the economic policies of the country, including policies regarding commodity subsidies,” Saleh said. The removal of fuel subsidies is sensitive as it would hit a population suffering for years from economic crisis and high inflation. Sudan’s transitional authorities face the tough task of turning around an economy wrecked by three decades of mismanagement under the rule of Bashir, who the military ousted in April after months of street protests. Complicating Sudan’s recovery is its inclusion on the United States’ list of… Read full this story


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Filed Under: Business News US, Sudan, ECONOMY, FUEL, Subsidies, Gasoline, Government Finances, Inflation, Middle East (Energy), Government / Politics, Africa, Oil and Gas (TRBC), Major News, Middle East, Conflicts / War / Peace, Economic News (3rd Party), Emerging Market Countries, Civil Unres, imf fossil fuel subsidies, subsidies to fossil fuel industry australia, renewable vs. fossil fuel subsidies

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