- Home
- Economy
- latest news
- Sudan increases flour subsidies to cut bread prices
Sudan increases flour subsidies to cut bread prices
Sudan has boosted flour subsidies by 40 percent after a cut in subsidies this year caused bread prices to rise and sparked street protests, the Finance Ministry said on Saturday.
A ministry statement said the government would spend 35 million Sudanese pounds ($ 737,000) a day instead of 25 million.
The decision to cut bread subsidies this year has led to rare protests across the country after bread prices have doubled.
Inflation jumped to a record 66 percent in August, one of the highest in the world.
Related Post
- With expectations that the US Federal Reserve will not raise interest rate ...
- Gold prices rose to a two-week high on Thursday, as the dollar slipped ami ...
- Oil markets lost momentum on Tuesday, as economic prospects and US product ...