Sudan

This paper on the midyear review of the 2005 staff-monitored program for Sudan reports that after a mixed performance under the staff-monitored program, the authorities are taking corrective measures to bring the program back on track. They imposed strict controls on nonpriority government spending, tightened monetary policy, and committed to stop nonconcessional borrowing. Expenditures should be allocated to priority sectors and high-return projects, and fuel subsidies should be reduced. The oil saving account will continue to play an important role in providing self-insurance against an oil price shock.Economic indicators;Economic reforms;Government expenditures;Staff-monitored programs;expenditures, expenditure, central bank, balance of payments, current account, public expenditure review, public expenditure, external debt, domestic financing, debt relief, external financing, current account balance, debt service, capital expenditures, fiscal policy, public debt, external public debt, budget expenditure, balance of payment, reserve assets, total expenditure, total expenditures, multilateral creditors, expenditure items, expenditure survey, foreign debt, multilateral debt relief, domestic currency, actual expenditures, repayments, debt data, expenditure process, fiscal expenditures, nonconcessional debt, expenditure control, debt management, debt relief initiative, capital expenditure, expenditure management, state expenditures, debt sustainability, multilateral debt, debt management unit, private sector debt, expenditure priorities, debt problems, public expenditure management, general resources account