Ministry of Economy

Sudan, with its vast and diverse natural resources, possesses immense potential for growth and development. However, to achieve this prosperity, we must rethink the administrative structure that steers our economy.

The merger of the Ministry of Finance and the Ministry of Economy into a single entity may seem logical on the surface, but it actually represents a significant obstacle to achieving sustainable development.

Separating the Ministry of Economy from the Ministry of Finance is crucial, granting it full independence to focus on key tasks for developing the Sudanese economy, including:

1. Establishing short, medium, and long-term economic visions and policies.

2. Developing strategic plans to attract local and foreign investments.

3. Maximizing the economy.

4. Caring for and protecting the interests of local and foreign investors.

5. Having broad, centralized powers over all federal and state projects.

   ... and so on.

   
   

In our nation, Sudan, which is rich in agricultural, animal, mineral, and oil wealth, the Ministry of Economy needs broad powers to simplify bureaucratic procedures, provide incentives to investors, protect their rights, and create an attractive and stable investment environment. Therefore, this ministry must be the engine that drives production, creates jobs, and develops national industries.

In contrast, the Ministry of Finance's mission should be limited to managing the state's financial affairs. Its primary task is to prepare the state's general budget, monitor spending, collect revenues, and manage public debt.

The Ministry of Finance should have no direct role in economic matters, meaning it should not interfere in economic policymaking or the management of investment projects.

This separation ensures that the Ministry of Finance focuses on achieving financial stability, combating financial corruption, and guaranteeing transparency in government spending.

The Ministry of Finance acts as a conductor, ensuring that the state's financial resources are used efficiently and effectively without being a party to determining economic priorities.

The Ministry of Economy in Sudan must hold a special position as the number (1) ministry in the government structure. This recognition of its importance reflects the utmost priority that should be given to economic development.

When the Ministry of Economy is the central focus of government work, it will be able to:

1. Formulate policies without restrictions: It can develop bold and innovative plans to stimulate growth without being subject to the restrictions or priorities of the Ministry of Finance, which may focus more on austerity.

2. Attract investments effectively: The ministry, its institutions, and its agencies will be the sole point of contact for investors, which reduces complexities and makes the investment process smoother and faster.

3. Ensure comprehensive coordination: It will have broad powers to coordinate with all other ministries (such as Agriculture, Livestock, Industry, Trade, Minerals, Oil, and others) that operate under the economic sector of the state to ensure that each ministry works within a unified economic vision.

Separating the Ministry of Economy from the Ministry of Finance is not just an administrative change; it is a strategic step. It places the Sudanese economy at the forefront of the state's priorities and gives the Minister of Economy the necessary powers to achieve a qualitative leap in development.

Post-war Sudan is in dire need of utilizing its full potential. This can be achieved by establishing the correct administrative structure to transition into the ranks of economically prosperous nations. With its resources, Sudan is qualified to reach this goal in a short period.