(Bloomberg) -- Sudan will increase spending 39 percent and plans to boost exports by a third in 2019, as the North African country battles an economic crisis that has inflation at a two-decade high.
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Addressing reporters, Prime Minister Mutaz Musa ruled out tax increases or removing subsidies on items such as wheat, medicines and cooking gas, while acknowledging the government’s difficulty in funding them.
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The 2019 budget presented Wednesday to parliament in Omdurman, the twin city of the capital, Khartoum, also targets:
- Increasing economic growth to 5.1% from its estimate of 4% in 2018
- Raising spending to 162.8 billion Sudanese pounds (about $3.4 billion)
- Reducing inflation to 27% from current 69%
- Cutting budget deficit to 3.3% from 3.7%
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