Page 516 - 2016 - Vol. 40

frustrated the concerted efforts that were beginning made to
move the economy into a sustained growth path.

Nonetheless, the advent of oil in the 1990s has
contributed to a large extent to the relative economic
stability that the Sudan has witnessed since then (Mahran,
2005).

Sudan is one of the third world countries, so like the
rest of the same category countries the accumulation of
foreign debt syndrome does not stop. The direct cause of
this accumulation is the increase of federal budget deficit
and the increase of the new external arrears accumulation,
in addition to increase of domestic borrowing and
permanent deterioration of macroeconomic fundamentals,
especially after the separation of South Sudan in July 2011
which formed "as it mentioned before" a shock that
strongly has affected the macroeconomic outlook in Sudan,
and significantly reduced the debt-servicing ability,
especially after the exit of oil revenues from the balance of
exports due to separation. From a historical perspective it is
clear to note that the GDP per capita has grown from 46
percent in the sixties, and up to the 170 percent in the
seventies, but later has been proved that this growth was

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