Cabinet Holds Extraordinary Meeting on 2020 Budget

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Cabinet Holds Extraordinary Meeting on 2020 Budget

The Council of Ministers  held Thursday evening   extraordinary meeting  which was chaired  by Dr Abdallah Hamdouk, the Prime Minister  and devoted  for deliberation  over the 2020 budget whose main  features   were presented  by Minister of Finance and Economic Planning Dr  Ibrahim  Al-Badawi who said the budget  is guided  by slogans of   the glorious  December revolution -freedom, peace,  justice and revolution  is the option of the people-The Council of Minister,  for its part, focused  during the discussions  on necessity of increasing  allocations for  service sectors of health, education  and environment 

 The 2020 budget is being threatened  by the pending hazards  in the economy, heritages of the defunct regime represented in youth unemployment , rising cost of living , poor serv ices  high cost of subsidized  commodities , financial imbalance , uncontrollable inflation , deterioration of exchange of rate , structural deficit  in the balance of trade  and foreign debts.

  The Council affirmed importance of the 2020 budget  as it determines  the fate of  the country’s political and economic future  and called  for popular mobilization  for supporting   the budget and its political incubator – Forces  of Freedom and Change(FFC) and  the constructive partnership between  components  of  the transitional power  and the peace scheme  with the Sudanese armed struggle movements .
 
 The  2020 budget  was based on a social contract aims to promote peace , institutional reform , the macro economy , gradual  move from subsidy  to  empowerment of the citizen  and achievement of  growth rate  between 3-4%.