Economist Mohamed El Nayir criticized the delay in approving the 2023 budget, citing the negative impact on the economy, which is already weighing heavily on the Sudanese. He regrets that this is the first time in Sudan’s history that there has been a delay in approving the state budget.
In an interview with Radio Dabanga, Nayir said he had urged the government to commit to approving the budget by the appointed date and also pointed to ambiguities in its provisions.
The economist said the budget faces challenges as the international community lacks support in the form of loans and grants. Therefore, the state should seek new additional resources that will not affect people’s lives.
Stagnation and low purchasing power in the markets
Merchants in Khartoum complain about stagnation and a drop in sales of at least 30 percent.
In a survey conducted by Radio Dabanga in Khartoum?/Trader Majdi Gamareldin (Khartoum’s Radio Dabanga said) that the stability of the dollar exchange rate is not improving the market, noting that the recession is ongoing. His colleague Mohamed Youssef complained that goods are available and prices are low, while not all markets have buyers.
Trader Bahaeldin Mohamed Ali attributed the current stability in market prices of most commodities and the Sudanese pound to stagnation and pointed to the serious weakness in people’s purchasing power. “Most people’s incomes are far too low to buy anything other than groceries, which have become ridiculously expensive,” he said. “And food prices are still rising because there is no market mechanism to control prices. So grocers are holding grains and beans out of the market until prices go up.”
The stability of the dollar does not mean an improvement in the economic situation
Kamal Karrar (included)
Economic analyst Kamal Karrar said that the stability of the dollar exchange rate does not mean an improvement in the economic situation. In an interview with Radio Dabanga, he said commodity prices are rising and stressed the escalation of inflation rates.
According to reliable reports.
He attributed the dollar’s stability to the great economic recession and the halt to trade and exports.
He warned of a significant slowdown in growth with a serious shortage of essential goods, especially medicines, “which points to the dramatic deterioration in the economic situation”.
Economist Kamal Karrar questioned the Central Bureau of Statistics’ reports that inflation fell to 88.83 percent in November.
“Contrary to what the Central Bureau of Statistics reports, the prices of consumer goods and various services are still increasing,” Karrar told Radio Dabanga. “Any Sudanese can tell you that.”
“Semi-independent reports on inflation in Sudan so far this year say inflation has exceeded 1,000 percent,” he said.
“It is likely that the purpose of these reports is to convey a message to Sudanese and foreign public opinion showing that economic policies based on guidance from the International Monetary Fund and World Bank are yielding positive results, as evidenced by the decline in of inflation”.
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