cover image: Recent Developments in Sudan's Fuel Subsidy Reform Process

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Recent Developments in Sudan's Fuel Subsidy Reform Process

5 Feb 2014

In September 2013 Sudan introduced the third and most dramatic in a series of fuel subsidy cuts, raising prices of petrol, diesel and liquefied petroleum gas (LPG) by 65 to 75 per cent each.This came in a context of high economic pressure, following the loss of oil revenue from South Sudan after July 2011. That resulted in significant structural imbalances in the fiscal and current accounts, sending the black market exchange rate out of control and requiring the Central Bank to print money to finance excessive government spending.
subsidies

Authors

Laura James

Published in
Canada

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