Sudan Archive

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The budget for the fiscal year was estimated as follows: Revenue Egyptian Government Subsidy Total Expenditure Interest on Loans to the Egyptian Government Total The amount of the subsidy in the budget was £E 300,000. However, this is £E 300,000, which is what the Sudan Government pays for expenses in Egypt.

Taxes were reduced by a small amount of £E 1,000, and expenditures were increased by £E 1,000.

At first glance, it appears that the subsidy paid by the Egyptian Government will be £E 300,000 in the current year. However, in reality, it is reduced by £E 300,000 in the budget under the item of interest on loans. This is the most important item in the budget.

It is recorded on the expenditure side as £E 450,000, paid by the Sudan Government as interest at a rate of 3% on £E 15,000,000, which the Egyptian Government lent until the end of the year. This is a new and reassuring development in the budget. This amount, when deducted from the subsidy, reduces the net subsidy paid by the Egyptian Government to £E 150,000.

The sources of revenue in Sudan are the same as in the previous year, instead of £E 1,000,000.

The Sudan is thus relieved of this burden from the Egyptian budget.

He mentioned this in his memorandum on the Egyptian budget, stating: "In the revenue section of the new budget..."

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