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Sudanese advisor: There is no fear for the budget of fluctuating oil prices
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14:19 2023-06-25 31 local 0
Sudanese advisor: There is no fear for the budget of fluctuating oil prices
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14:19 2023-06-25 31 local 0
On Sunday, the economic advisor to the Prime Minister, Mazhar Muhammad Salih, dispelled fears of the impact of oil price fluctuations on the budget.
Saleh said, "After the Presidency approves the budget and publishes it in the Official Gazette, it will enter into force, as the budget instructions will be issued jointly by the Ministries of Finance and Planning, and this whole process will not take more than one week."
He stressed, "There is no fear for the budget from the fluctuation of oil prices, because in the current reality it managed for half a year, but its approval will require additional expenditures during the second half of this year."
Saleh added, in an interview with the official newspaper, that "the expenditures will increase from now on, and those expenses will be covered from oil and non-oil revenues, and any financial deficit can be remedied through internal and external borrowing."
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Saleh said, "After the Presidency approves the budget and publishes it in the Official Gazette, it will enter into force, as the budget instructions will be issued jointly by the Ministries of Finance and Planning, and this whole process will not take more than one week."
He stressed, "There is no fear for the budget from the fluctuation of oil prices, because in the current reality it managed for half a year, but its approval will require additional expenditures during the second half of this year."
Saleh added, in an interview with the official newspaper, that "the expenditures will increase from now on, and those expenses will be covered from oil and non-oil revenues, and any financial deficit can be remedied through internal and external borrowing."
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