World Economy

Sudan Subsidies

Sudan SubsidiesSudan Subsidies

Sudan will keep in place subsidies on wheat and petrol and not raise taxes in 2015, the finance minister said on Monday as he presented next year’s budget to parliament, AFP reported. “No new taxes will be introduced in the 2015 budget which also aims at continuing to subsidize wheat and petrol products,” Badereldien Mahmoud said. In September 2013 the government slashed fuel subsidies, sparking huge street protests – the worst urban unrest in Sudan in two decades – as retail prices shot up by more than 60 percent.