Page 540 - 2016 - Vol. 40
P. 540

and exports to its current reliance on the oil sector
(Mohamed nour, 2011) .

       This situation had made improving and some sort of
relative stability in the Sudanese economy until the year
2008. But that relative economic stability have been in
decline since the year 2009, under the influence of various
factors, most notably was the significant expansion of the
public current expenditure (non-development) because of
the many entitlements that were imposed by the political
circumstances since the signing of the Comprehensive
Peace Agreement in 2005.

       As well as facing requirements of Darfur crisis and
Eastern Sudan problem, the implications of the effects of
the global financial crisis in 2008 and its impact on the
public budget and imports in Sudan due to lower oil prices
in the global markets in 2009, those effects made a
significant pressures on public revenues of the country, and
forced the government to increase the value-added tax and
impose additional import duties with the new addition of
fees and levies at the federal and state levels, which led to
increase the production costs and economic stagnation
(Almosharaf and Tain, 2014).

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