Financial and Banking News
BUDGETS AND REVENUES
Sudan Announces Austerity Budget
The Sudanese Parliament on 30 June approved the 1988/89 budget, whichincludes a deficit of S3,900mn ($867mn). The new budget, which covers thefiscal year starting 1 July, estimates revenues at S5,885mn ($1,308mn), up 58%on the 1987/88 revenues figure of S3,727mn ($830mn), with the in- creaseattributed to a doubling in revenue from taxes, which are projected to rise toS1,075mn ($239mn) in...