Cabinet Approves General Budget for Fiscal 2023

The Council of Ministers approved Monday the general budget of the government for fiscal year 2023, prior to its final approval by a joint meeting between the Transitional Sovereignty Council and the Council of Ministers.

The Minister of Finance and Economic Planning Dr. Jibril Ibrahim, said in a press statement that the budget gave great concern to social welfare, improving people’s livelihood and spending on education, health and water.

The minister pointed out   that the total revenues in the budget amount to SDG7.363 trillion, while the public spending amounted to SDG 8.196 trillion, with a deficit rate of 1.4% of the GDP.

He noted that the budget relied on self-resources, pointing to the existence of little foreign support from the Islamic Development Bank, stressing his ministry’s endeavor to increase resources through expanding the tax umbrella instead of increasing taxes, besides working to control expenditures to a great extent.

The Minister referred to allocation of SDG722 billion for development so that it does not stop, in addition to the effort exerted in social care by increasing the number of families supported by 100,000 families, and creating 90,000 jobs in the public and private sectors.

Dr. Jibril highlighted that the spending on health amounted to 14.7%, while spending on education amounted to 10.7% of the federal funding, in addition to state spending, to reach 20% of the budget, pointing to the ministry’s endeavor to bring spending on education and health to 40% of the budget.

Efforts would continue for attracting partnerships and investors to invest in infrastructure in electricity, roads, railways, ports and airports in order to contribute to transport of goods from production areas to export areas.

He added that work is on progress to increase agricultural production in terms of quantity and quality, expressing his happiness for approval of the budget, expecting it to be approved in its finally in next two days.