Sudanese Financial Advisor: The 2024 budget schedules focus on investment spending for new projects

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[size=52]Sudanese Financial Advisor: The 2024 budget schedules focus on investment spending for new projects[/size]

[size=45]The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the 2024 budget tables focus on investment spending for new projects.[/size]
[size=45]Saleh told the official media, “The existing procedures for completing the public financial tables for the fiscal year 2024 in order to submit them to the legislative authority for approval and implementation immediately are only a response to the text contained in the Federal General Budget Law No. 13 of 2023 (Tripartite), which stipulated that... Submitting tables of public expenditures and revenues adapted according to the new fiscal year and its objective conditions for the year 2024 for legal approval.”[/size]
[size=45]He pointed out that “the most important thing in these tables is determining the levels of investment spending on new projects, which is fundamental and fundamental spending in the movement of the national economy, as it is directly linked to the development and growth of the economy by providing objective conditions for the movement of government demand for supplies and inputs for investment in projects.” “The demand for productive factors associated with government investment activity is essential in achieving the targeted level of growth in the annual gross domestic product and sustaining its momentum, in addition to its connection to the labor market and business and moving them in accordance with a climate required by the sustainability of the country’s economic development itself.”[/size]
[size=45]The head of the Parliamentary Finance Committee, Atwan Al-Atwani, revealed earlier that the budget deficit had risen to 80 trillion dinars.[/size]
[size=45]He stated in a statement received by Al-Mada, “The government committee responsible for reviewing and auditing these tables is working to reduce the deficit amounting to 80 trillion dinars because it is considered a large deficit.”[/size]
[size=45]The head of the Parliamentary Finance Committee confirmed that “the committee is looking forward to sending the 2024 budget schedules as quickly as possible, because its continued delay has greater negative repercussions on the financing and implementation of projects, in addition to its impact on the productive sectors.”[/size]
[size=45]Al-Atwani pointed out that “the total budget for 2024 amounted to about 228 trillion dinars.”[/size]
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