Amendment to the 2020 Budget Sudan's Economy Continues to be Destroyed by Compliance to IMF
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On Sunday, 09/08/2020 CE, the Interim Legislative Council, the Sovereignty Council and Council of Ministers, passed an amendment to the general budget, which would increase subsidies on hydrocarbons by 75%, electricity by 41%, along with a gradual floatation of the exchange rate; starting with the calculation of foreign grants and loans at a rate of 120 pounds per dollar (Al-Sudani Newspaper, Issue 5071).
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