The Sudanese Ministry of Finance has begun preparations for the 2027 budget by reviewing the country's economic performance and estimating key indicators. Minister of Finance, Dr. Gibril Ibrahim, led a meeting of the Economic Framework Committee, which included the Governor of the Central Bank of Sudan, the Acting Deputy Minister of Finance, and representatives from the Central Bank and the Central Bureau of Statistics. The meeting aimed to discuss economic estimates and assumptions for the 2027 budget.
The committee reviewed global and regional economic trends and their impact on Sudan's economy, as well as the actual performance of the economy in 2026 and expectations for 2027. They also discussed national economic indicators, growth targets, inflation rates, exchange rates, and public revenues. The goal is to prepare a budget that addresses current challenges and supports economic recovery and reconstruction efforts.
Dr. Gibril Ibrahim emphasized the ministry's commitment to addressing economic challenges and reducing reliance on bank financing. He stressed the importance of mobilizing economic resources, optimizing their use, and directing them towards supporting productive sectors. The minister instructed relevant departments to adopt a realistic economic scenario for the 2027 budget and to redouble efforts to achieve economic targets.
The minister also highlighted the need for enhanced cooperation and coordination between the Ministry of Finance, the Central Bank of Sudan, and the Central Bureau of Statistics. This cooperation aims to ensure a unified approach to serving national interests. The technical committee presented a detailed report on the economic framework, including proposed assumptions and scenarios for the 2027 budget.
Maki Mohamed Abdulrahim, Director-General of the General Administration for Policies, Planning, and Studies at the Ministry of Finance, explained that the meeting was part of the preparations for the 2027 budget. He noted that the ministry has prepared budget guidelines, which are expected to be presented to the Council of Ministers during the current week.
According to Abdulrahim, the 2027 budget is expected to be completed by the end of November. The budget preparations involve estimating key economic indicators for 2027. The meeting's discussions focused on the overall economic framework, with the ministry aiming to finalize the budget before the end of the year.
The 2027 budget is crucial for Sudan's economic recovery and reconstruction efforts. The country's economy has faced significant challenges, and the budget will play a key role in addressing these issues. The Ministry of Finance is working to ensure that the budget is realistic and effective in supporting economic growth and stability.
Key points
- Dr. Gibril Ibrahim chairs meeting to discuss 2027 budget framework
- Sudan's economy faces ongoing challenges and reconstruction efforts
- 2027 budget aims to support economic recovery and growth
