The Cabinet approves the foundations and rules for preparing the general budget for the fiscal year 2021

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The Cabinet approves the foundations and rules for preparing the general budget for the fiscal year 2021

The Council of Ministers held its regular meeting this morning, Thursday chaired by Dr. Abdullah Hamdouk, Prime Minister, , the Council reviewed the foundations and rules for preparing the general budget for the fiscal year 2021, presented by Ambassador / Omar Bashir Manis, Minister of Cabinet Affairs, who explained the axes of the ministerial sectors' circulation on the basics of preparing the budget and their vision of the necessity of accompanying a number of directives and notes that were mentioned by the ministers Where he referred to the priorities of the transitional government, the requirements for implementing the peace agreement, the recommendations of the economic conference, and being guided by the tripartite program for economic reform, the economic program for the forces of freedom and change, the goals of sustainable development (2030), review and evaluation of financial and monetary policies

 

Manis pointed out the importance of conducting an evaluation of the performance of the budget for the year 2020 within the draft budget for the year 2021 and emphasizing the mandate of the Ministry of Finance over public funds and the supervision of the Ministry of Finance over all government companies and owned by the various regular forces, and to expedite the treatment of the phenomenon of inflation and the vision of sectors to raise the budget on the fifth of next December

The Council of Ministers indicated the need to avoid last year's budget problems, the turmoil of fiscal policy and the momentary treatments that characterized the performance of the previous year as well as the difficulties that faced the previous year's performance in the areas of providing management, scarcity of financial resources, foreign exchange problems and the necessity to think about what could be developed an objective and deliberate budget based on facts and the importance of basing the budget on guidelines for information sources. The meeting also indicated the importance of focusing on adopting the budget on local resources to ensure the implementation of projects.

The meeting affirmed the importance of agreeing with the political incubator in discussing the general budget and the positive repercussions of lifting Sudan's name from the list of countries sponsoring terrorism and the readiness of all institutions for the post-embargo phase, the Cabinet approved the general guidelines for the budget and the timetable for prepara